E30 Zone

Hi i will be check with insurance company tomorrow but want to ask if you get agreed valuation on your insurance does the car Been a Cat C write change the payout or do they still have to payout on it.

If a car has been a previous cat C or D it will usually reduce the value by about 1/3 on a regular policy.

If you are going for an agreed value policy, then you are agreeing a valuation with them at the outset (although you need to mention the Cat C bit). Once they are agreed on a valuation with you, you should then get a certificate of valuation from them. Only when you have this certificate do you have an agreed value policy.

It matters not what you tell an insurer your car is worth when taking the policy out (regular policy), they will still offer you "market value" when you write it off, unless you have agreed value policy.

E30BeemerLad wrote:If a car has been a previous cat C or D it will usually reduce the value by about 1/3 on a regular policy.

If you are going for an agreed value policy, then you are agreeing a valuation with them at the outset (although you need to mention the Cat C bit). Once they are agreed on a valuation with you, you should then get a certificate of valuation from them. Only when you have this certificate do you have an agreed value policy.

It matters not what you tell an insurer your car is worth when taking the policy out (regular policy), they will still offer you "market value" when you write it off, unless you have agreed value policy.

Even with an agreed valuation and certificate, your not guaranteed to receive the full amount without proof are you Lee?

Dezzy wrote:

E30BeemerLad wrote:If a car has been a previous cat C or D it will usually reduce the value by about 1/3 on a regular policy.

If you are going for an agreed value policy, then you are agreeing a valuation with them at the outset (although you need to mention the Cat C bit). Once they are agreed on a valuation with you, you should then get a certificate of valuation from them. Only when you have this certificate do you have an agreed value policy.

It matters not what you tell an insurer your car is worth when taking the policy out (regular policy), they will still offer you "market value" when you write it off, unless you have agreed value policy.

Even with an agreed valuation and certificate, your not guaranteed to receive the full amount without proof are you Lee?

This.You still need reports and proof its worth what you agree.

Loony wrote:

Dezzy wrote:

E30BeemerLad wrote:If a car has been a previous cat C or D it will usually reduce the value by about 1/3 on a regular policy.

If you are going for an agreed value policy, then you are agreeing a valuation with them at the outset (although you need to mention the Cat C bit). Once they are agreed on a valuation with you, you should then get a certificate of valuation from them. Only when you have this certificate do you have an agreed value policy.

It matters not what you tell an insurer your car is worth when taking the policy out (regular policy), they will still offer you "market value" when you write it off, unless you have agreed value policy.

Even with an agreed valuation and certificate, your not guaranteed to receive the full amount without proof are you Lee?

This.You still need reports and proof its worth what you agree.

Dont you need this to get the agreed value to begin with?

kolee wrote:

Loony wrote:

Dezzy wrote: Even with an agreed valuation and certificate, your not guaranteed to receive the full amount without proof are you Lee?

This.You still need reports and proof its worth what you agree.

Dont you need this to get the agreed value to begin with?

It depends on if it is a true agreed value one.When i was looking at it thay wanted someone to value the car,then photos of the car etc etc.

An agreed value is exactly that, you'll get paid that full agreed value minus policy excess.

You mention the car is cat b though, pretty much every insurer will no quote on that basis.