Insurance are only willing to valued at £1k

[GTE TURBZ]

Hi peep, i'm really pee'd at Adrian Flux, after sending them these photos (below) and details of the extensive work carried out to get it in the condition its in, they said due to the spec and mode of the car:confused: are only willing to value at £1000. Thats a load of crap as they are supposed to replace like for like, everyone knows you can get a good one for 1K?

They did say that if i'm not happy with that, an engineers report or an offical evaluation from a specialist club maybe accepted to increase the value if it is worth more. Ive heard on here loads of peep saying at a mint gte/gsi can fetch up to £2.5k which i think is reasonable?

I was asking for £2200 which i think is fair?

Can someone on here help me out with the evaluation, what will they want some sort headed paper evaluation or something.

Your assitant will be much appreciated in advance...:)

Pics of the car below if you aint already seen them....

http://i143.photobucket.com/albums/r151/hiten_photos/Novagte009.jpg

http://i143.photobucket.com/albums/r151/hiten_photos/Novagte008.jpg

http://i143.photobucket.com/albums/r151/hiten_photos/Novagte013.jpg

http://i143.photobucket.com/albums/r151/hiten_photos/Novagte014.jpg

http://i143.photobucket.com/albums/r151/hiten_photos/Novagte002.jpg

http://i143.photobucket.com/albums/r151/hiten_photos/Novagte005.jpg

[Jeff16v]

You need to find prooof of how much one in that condition would sell for and proof of how much a crap one feches. also, an rebuild work pics, weling, panels, painting costs. any receipts for restoration. Also offer to have the car assessed for value.

If they are still being silly go with another insurer like HIC. they gave me an agreed value in line with what i was wanting. You have to pay £15.00 to apply for the agreed value but its work it.

I'm not a big fan of flux tbh.

[Jack]

What mods does it have that make it worth £2200?

[GTE TURBZ]

What mods does it have that make it worth £2200?

The car does not really have any major mods to increase value, but i thought from the general condition it would be worth that. Even if it was somewhere near the asking price would have been good but they were way off.

what is that £15 for an engineers report? how do i go about doing it, the insurance has already been paid up, been running for the past 2 months so im stuck with them!

[Jack]

Jeff means the agreed value, HIC charge £15 for it.

Agreed value is just that though, its an agreed valuation between yourselves and the insurance company. Bear in mind they go by book prices, which for a standard GTE will be £600 for a mint one.

Agreed valuation doesn't mean you can come up with a value that YOU think it is worth, and the insurance will agree to it. I'd say the best you could get for a standard mint GTE will be around £1500 - have a look on ebay at completed auctions for ones that have sold, maybe print out copies of those adverts if they support your case. You have to prove to the insurance company that your car is worth more than the book price, and provide evidence of such (hence asking if it was modded, as value added by mods is one way to increase the overall value of the car).

By all means get an engineers report, or AA/RAC vehicle check, but tbh this will just cover that the car is roadworthy and in good condition. Don't count on that to mean the car is worth lots.

[Jeff16v]

Proper insurance companies for modded\specialist\club insurance understand that a 1991 nova merit and 1991 nova merit turbo aren't the same thing so you can apply to have the car appraised for an insurance valuation.

I'm not sure if flux do that but HIC do understand the differences.

You can cancel your insurance at any time, you just loose whatever NCD you have accumulated. NCD means nothing if you can get good quote with a decent level of cover cheaper.

My policy with HIC is actually on a classic car policy with Chaucer with an agreed value of £4500. The value should rise every year if i keep spending vast sums of money on it.

I would get yourself on the phone to HIC and see how they quote

PS: I wanted a higher value and at the time they didn't agree with me, but i've spent loads since last year.

[Welsh Dan]

Arent flux and hic different arms of the same company?

[BIGS]

well if its any use my gte used be be valued at £3500. can find out who that was with if you want?

[craig green]

Tell em to go jump.

You will be doing yourself a huge favour by not having a policy with them anyway. They are absolute jokers.

Use a proper insurance broker, not a bunch of robbing gits that seem to forget all of their marketing blurb when it comes to actually quoting genuine enthusiasts.

[Jeff16v]

here here

[Jack]

Arent flux and hic different arms of the same company?
Flux bought HIC a while back.

[Ste L]

off topic...


but that GTE look's stunning :cool:

got a soft spot for a standard looker like that :)

[GTE TURBZ]

Tell em to go jump.

You will be doing yourself a huge favour by not having a policy with them anyway. They are absolute jokers.

Use a proper insurance broker, not a bunch of robbing gits that seem to forget all of their marketing blurb when it comes to actually quoting genuine enthusiasts.

To be honest when i was ringing around, HIC were coming in at around £100 more, adrian flux did it for £420 with break down, classic insurance capped at 5k per miles.

If i go about cancelling it now, id only get the pro-rata amount back, NCB dont really come into it as you do not accumilate any on classic insurance as its a second car policy.

[novacabrio]

I have an agreed value on my car of £5500 Nick had the same car on a value of £7k with the same insurance company, If you get a letter on headed paper from an owners club they'll consider it again

[yellow nova]

If you cancell your classic insurance you will not get a penny back as hic did this to me after just 3 months and they kept all my money

[SRimon]

Mine has an agreed Value of 2.5k with HIC?!!

[GTE TURBZ]

I have an agreed value on my car of £5500 Nick had the same car on a value of £7k with the same insurance company, If you get a letter on headed paper from an owners club they'll consider it again

I thought this was the most profound Nova specialist UK website currently running is it NOT!!!!lol


HIC were quite good in the sense that they did not really question the agreed value, but yeah I cant be bothered to cancel as i'll get peanuts back.

Ok im quoting from the letter i received "Should this evaluation not prove acceptable, we are willing to reassess, pending receipt of an independent engineers evaluation....blah blah blah or alternatively an evaluation provided by an owners club relevant to the vehicle may be submitted"

Cant the admin staff from this site help me out?????????

[craig green]

If i go about cancelling it now, id only get the pro-rata amount back, NCB dont really come into it as you do not accumilate any on classic insurance as its a second car policy.

Sorry mate, I thought you were at the quoting stage.

I've boycotted ADRIAN FLUX since they ripped me off & use every chance I can to drag the company name through the dirt on any forums etc. (in the interests of searches & googling)





but that GTE look's stunning :cool:

got a soft spot for a standard looker like that :)

Exactly! A GTE may only be worth £600 in the parkers guide in A1 cond (less than that probably) but I'd love to see how long it would take for a similar condition car to come up for sale, in the event of a like for like replacement. And it wouldnt be £600 either.

Insurance! An insult more like!

[Lee H]

They should agree the value before you take out the policy. I've heard of this happening loads of times where they verbally agree it so you take the policy and then once it comes to the paperwork they agree a lower value with you.

They seem to suck big style.

My mate rang up to tell the he had converted his Nova 1.6 to a 2.0 from a Calibra. Paperwork came through with his Nova registration on but they had changed the make of car to Calibra, surely there shoudl be better checks than this.

[GTE TURBZ]

Don't know if your aware but one of the sponsored links on THIS site is AFlux

Should i just bear it then????

[craig green]

Assuming Lee is referring to 'that' company again. There service is awfull.

Nothing surprises me where they are concerned. Its happened to me aswell as receiving other people renewals & certificates in the post. And we all know how vital your certificate can be when putting a car on the road!

[Lee H]

Yes I am referring to Flux, they have given me the best quote on my car and offered agreed value but looks like I can knock at least £3k off that after i've started the policy!!

[craig green]

You know it aint worth the grief... LOL

[GTE TURBZ]

Just been on the phone to them, and they said "under extensive research on the internet and other resources, a nova with replaced pannel and a respray is worth £1250" i told them a 1000 pounds is an insult and that there is no way on earth you can replace the car in the condition its in for a 1000 pounds, I then said that if i can have in writing that you can replace the vehicle like for like for a 1k, i'll be more than happy to accept the 1k agreed value.

I now have to email the valuation team, as i have requested the sources they used for their evaluation under the freedom of information act. (for those of you that dont know, you have a right to obtain this)

[dj_wudgey]

mines worth 1300 with adrian flux and i just told them how much it was worth sent no pictures at all

[Jack]

mines worth 1300 with adrian flux and i just told them how much it was worth sent no pictures at all
Thats not an agreed valuation then. All insurance companies will ask either what you paid for the vehicle, or what the vehicle is worth (or both); note that doesn't mean if the car gets stolen and burnt out you get that value, its merely for them to calculate a percentage change on the premium due to vehicle value (i.e. a modified Nova worth 10k will be more to insure than one with only £50 of mods).

I always thought the agreed valuation was something you do after taking the policy out; HIC told me they send you the forms and suchlike once you take out the insurance, you fill them out and send back.

[BEN187NOVA]

mines insured for £10k as i have all the receipts and money spent all documented which i am greatfull for its worth more like £18k to me but you never get want you want i was greatful there was a good insurer like Adrian Flux , cos years ago i would of never got the sort of cover i have and at a reasonable cost

[Lee]

Cant the admin staff from this site help me out?????????

We could if you were a member of the club, yes :) You'd also be elligable for 15% discount with them as well.



Craig, I appreciate you have had bad experiences with Flux, but that isn't the case for everyone. Your opinion is valid, but dont assume everyone will get the same treatment as you have (above post is a testament to that) HIC have been laughable in my experience when attempting to insure my old nova, also especially useless when approached to be a partner with the club. Thats not to say I would suggest anyone 'avoids them like the plague'!

You dont know what sort of deal your going to get until you try, in my experience, word of mouth isnt the best pointer for selecting insurers due to the amout of variables involved in a quote.

[Jack]

Meant to ask Lee, did you get round to asking Sky about club discount?

[Lee]

Yeah, tried twice, was promised a call back and nothing happened either time. HIC were tried 4 times with varying levels of call handler incompetence. I tried Flux once, was put through to the man I needed to speak to straight away, sorted a deal, and had an email with all the info I needed within a few days :)

[DaveyLC]

You might be able to find a classic insurer to cover it as its nearly 20 years old, they'll do a settled value.

[ben doodar]

cars gorgeous mate

[GTE TURBZ]

cars gorgeous mate

Cheers,

I emailed the so called evaluation team requesting the sources for the evaluation of the car and this is what i got,

"
Dear Sir,

I am writing in regard to your query concerning the sources used to assess the value of the vehicle.

We mainly research vehicles online via specialist websites, owners clubs and magazine subscriptions.

Due to the large number of vehicles we review on a daily basis, I regret that it is not practical to keep a log of the specific sources used in each case.

I hope this clarifies the situation to your satisfaction."

so i wrote back saying

"This far from clarifies the situation to my satisfaction.

As you no longer keep a log of the specific sources used in this case, I would like a reassessment/evaluation of the vehicle with the list of sources used.

Alternatively if this is not possible, my insurance premium quote was based on a vehicle to the value of £2200. As you have offered to insure the vehicle for less than half that amount, I expect the insurance to be based on a vehicle to the £1000 on refund me the pro-rata amount?"


(havent heard back)

[GTE TURBZ]

[quote=Lee]We could if you were a member of the club, yes :) You'd also be elligable for 15% discount with them as well.

Once i become a member how do i go about getting this headed letter for the insurance i dont mind paying the annual memeber for it? :thumb: How do I pay and how much will you value the car at?