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That_timothy

By That_timothy,
in Western Australia

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That_timothy Community Regular

That_timothy

Posted
Posted

Hi,

So I bought my Skyline about a year ago, as a bit of a project because it was pretty beaten up, and as such I got it pretty cheap. My insurance has been really good so far except that they just insured it at what I paid for it, and not a market value.

Having spent a year fixing it and spending money on it, I wanted to increase the value on my insurance to it's normal market value, or something similar, but I need to get an evaluation apparently. I'm not entirely sure about how to go about this?

Does anybody here have any suggestions as far as getting it evaulated?

NB: I'm not interested in anybody's gung-ho "f*k InSuRanCeZ mAn U dUn NeEd ThAt ShIz" ideas.

Cheers,

Mods: Sorry if this has been covered, couldn't find anything searching.

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Hotrod Enthusiast

Hotrod

Posted
Posted
  That_timothy said:
Hi,

So I bought my Skyline about a year ago, as a bit of a project because it was pretty beaten up, and as such I got it pretty cheap. My insurance has been really good so far except that they just insured it at what I paid for it, and not a market value.

Having spent a year fixing it and spending money on it, I wanted to increase the value on my insurance to it's normal market value, or something similar, but I need to get an evaluation apparently. I'm not entirely sure about how to go about this?

Does anybody here have any suggestions as far as getting it evaulated?

NB: I'm not interested in anybody's gung-ho "f*k InSuRanCeZ mAn U dUn NeEd ThAt ShIz" ideas.

Cheers,

Mods: Sorry if this has been covered, couldn't find anything searching.

Hi Tim

You need to go to a dealer to get a valuation from them and some dealers will charge you for it as well.

If you know a dealer (preferably one that sells Skylines) then maybe they can help you.

If you know anyone at C-Red then they may be able to help as last time I checked they had a Dealers License.

Hope this helps

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That_timothy Community Regular

That_timothy

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Cheers,

Thanks Rod, I'll be looking into that when I get home. Just out of curiosity, what do people think the market value actually is? I saw a completely stock 33 [i think this was actually less than had come out of the factory, had lots removed] for for 15k a few months ago.

Thanks for the help

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Kaido_RR Grand Master

Kaido_RR

Posted
Posted
  That_timothy said:
The ol' "mildly modified 33"? Reasonably good nick.

Was more interested in the market value that insurance companies will be going with like Kaido is talking about.

I renew my insurance in in dec 09 and Just Car had the market value of my r33 gts-t S1 1993 at $11,000 :P

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Hanaldo Grand Master

Hanaldo

Posted
Posted

Any luck with this Tim? I am wanting to do the same thing, i am with JustCars as well and they will only insure my car to $10000 :/

But after i do the engine swap then i will want more cover than that. What other companies insure gray imports? Shannons won't insure me because im under 25

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Crackfox Community Regular

Crackfox

Posted
Posted (edited)

When I swapped my insurance from just cars to sgio they said they could do it at market value which was 10k or what I paid for it which was 8.5k, so mine is insured for 10k even though they know i payed 8.5k for it over 6 months ago. This was for third party fire+theft btw

Edited by Crackfox
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Mayuri Krab Grand Master

Mayuri Krab

Posted
Posted

My car was insured with JC for $2k (car value $10k), when I came to renew the policy early this year I used their website thing & added some of the extra mods I did to the car (exhaust, POD, SAFC 2, intercooler & boost controller) they upped my car's insured amount from $10k to $11.7k & didn't change my premium? Are they actually being generous or their computer software must be bugged?

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