andyblackman777 Posted October 5, 2022 Report Share Posted October 5, 2022 I'm just renewing my insurance and I was made aware of an upper limit to the "market Value"..... Anyway I can either increase this limit if required or get an agreed valuation. Currently limit is £30k. I was wondering what I should increase this to. seems to me prices are between £30k and 65K Any thoughts Cheers Andy Quote Link to comment Share on other sites More sharing options...
LotusFella Posted October 5, 2022 Report Share Posted October 5, 2022 I sold my 99 V8 last year for 32k. Although had just put in new clutch and 2 recon turbos. Quote Link to comment Share on other sites More sharing options...
Bibs Posted October 5, 2022 Report Share Posted October 5, 2022 Depends on a few factors to be honest but £40k seems to be the going rate for a V8 if you ask me! Quote 88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport Evora NA For forum issues, please contact the Moderators. I will aim to respond to emails/PM's Mon-Fri 9-6 GMT. Link to comment Share on other sites More sharing options...
superdavelotus Posted October 6, 2022 Report Share Posted October 6, 2022 I have an agreed value on my 99GT for £50K for the past couple of years. Mine is low mileage at 39K. Quote Link to comment Share on other sites More sharing options...
Tim H Posted October 6, 2022 Report Share Posted October 6, 2022 I have had my car independently valued nearly two years ago at £46K, that is a 2001 GT with 24k on the clock. Thanks Tim Quote Link to comment Share on other sites More sharing options...
jep Posted October 6, 2022 Report Share Posted October 6, 2022 I would strongly advise you obtain an agreed value, particularly if your car is genuinely low mileage and original. IE. Hard to replace. It also helps in the event of an accident, less likely to write the car off for an expensive repair. Justin Quote Link to comment Share on other sites More sharing options...
Gold FFM Barrykearley Posted October 6, 2022 Gold FFM Report Share Posted October 6, 2022 13 hours ago, Bibs said: Depends on a few factors to be honest but £40k seems to be the going rate for a V8 if you ask me! Is that the sale price or the engine rebuild price 🤣 Quote Only here once Link to comment Share on other sites More sharing options...
Tim H Posted October 6, 2022 Report Share Posted October 6, 2022 My valuation was for the insurance for agreed value, this is re-assed every two years. Quote Link to comment Share on other sites More sharing options...
andyblackman777 Posted October 7, 2022 Author Report Share Posted October 7, 2022 Thanks guys. who do people go to for a valuation?? cheers Andy Quote Link to comment Share on other sites More sharing options...
Senior Posted October 7, 2022 Report Share Posted October 7, 2022 I just told my insurance company what I wanted mine valued at (60k), they sked for pic's and some data to back it up and that was that. 1 Quote Link to comment Share on other sites More sharing options...
Tim H Posted October 7, 2022 Report Share Posted October 7, 2022 Club Lotus. Quote Link to comment Share on other sites More sharing options...
andyblackman777 Posted October 10, 2022 Author Report Share Posted October 10, 2022 Thanks guys. I’ll get on it Andy Quote Link to comment Share on other sites More sharing options...
LotuStuart Posted October 15, 2022 Report Share Posted October 15, 2022 On 07/10/2022 at 18:03, Senior said: I just told my insurance company what I wanted mine valued at (60k), they sked for pic's and some data to back it up and that was that. With most insurance (all?) the higher the potential payout is, the higher the premium is. So the insurer may well be willing to agree to a valuation of -say- £200,000 but with an annual payment of -say- £10,000. Quote Link to comment Share on other sites More sharing options...
andyblackman777 Posted October 15, 2022 Author Report Share Posted October 15, 2022 Correct Quote Link to comment Share on other sites More sharing options...
superdavelotus Posted October 16, 2022 Report Share Posted October 16, 2022 I have an agreed value of £50K for mine and my annual premium is about £300. As the value has gone up over the years, the premium has always stayed around £300 for some reason? I am not going to argue with that! Quote Link to comment Share on other sites More sharing options...
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