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Agreed Value Insurance
Posted: Wed Feb 10, 2021 4:38 pm
by parky
I have been advised that I should get an agreed value on my scooter. Can anyone advise what a sensible value would be for the following.
Lambretta TV175 series 3 in excellent condition completely standard except for the addition of a hydraulic front brake. In addition it is fitted with front rack and 3 in 1 rear rack. Currently insured with Carol Nash. Any advice would be welcome.. Thanks
Re: Agreed Value Insurance
Posted: Wed Feb 10, 2021 6:34 pm
by Martin20
Looking at current asking/sale prices, I would suggest around £6k!
Re: Agreed Value Insurance
Posted: Wed Feb 10, 2021 7:57 pm
by Daggs
Imagine what it would cost to replace. And there lies your answer.
Re: Agreed Value Insurance
Posted: Wed Feb 10, 2021 9:05 pm
by gaz_powell
CN will get a third party to value it. Last time I used CN they were using the VMSC.
You submit what you believe then they get the third party to issue what they believe.
Aim high in your estimation. If your not happy with their valuation challenge it with details of other for sale etc.
LCGB can provide you with a valuation that you can sent to CN (and I would suggest others)
Re: Agreed Value Insurance
Posted: Thu Feb 11, 2021 10:06 am
by ktmh5
Re: Agreed Value Insurance
Posted: Fri Feb 12, 2021 1:38 pm
by hat
my SX150 has an agreed value with carole nash of £8000. They didn't ask for any verification other than supplied photos of condition. i realise thats well above market value