John Bracher Posted July 24, 2017 Report Share Posted July 24, 2017 Gents Insurance renewal due shortly. Q. What sort of % are people typically adjusting their 'agreed values' by?? Quote Link to post Share on other sites
mike3739 Posted July 24, 2017 Report Share Posted July 24, 2017 Did mine with 15% increase with Hagerty two weeks ago no issue from them. Cheers Mike Quote Link to post Share on other sites
Guest ntc Posted July 24, 2017 Report Share Posted July 24, 2017 To value your car look at it and ask yourself what you would pay for it. Quote Link to post Share on other sites
rog1 Posted July 24, 2017 Report Share Posted July 24, 2017 +1 Be happy that you have one & enjoy it! That's the real value! Atb Quote Link to post Share on other sites
TR5tar Posted July 24, 2017 Report Share Posted July 24, 2017 Hi John, I hadn't increased the agreed value on mine for 3 years, so this year I felt I should. I pretty much did what Neil suggests (based it on what I'd now pay for the car if I was buying it), and that equated to about a 10% increase in my case. With the TRR insurance I had to send in six photos. Cheers, Darren Quote Link to post Share on other sites
Mike C Posted July 25, 2017 Report Share Posted July 25, 2017 I looked at the cost of equivalent TR6's on local car sales websites, on the basis that if it was totally destroyed in an accident I'd have to buy a replacement.My insurer checked the websites and agreed. I'd estimate that the price of PI TR6's in Australia has increased by 60% in the past five years due to their relative scarcity. Quote Link to post Share on other sites
Andrew Smith Posted July 25, 2017 Report Share Posted July 25, 2017 +1 Be happy that you have one & enjoy it! That's the real value! Atb That's a very fine sentiment, but doesn't help if it gets stolen or is involved in an accident. Cheers Andrew Quote Link to post Share on other sites
John Bracher Posted July 25, 2017 Author Report Share Posted July 25, 2017 Gents, based on looking around and your input, I think about 9-10% is probably about average. Funnily enough, thats also (as near as) the premium increase! So, "fairs fair"...... Anyone have any thoughts over reinstatement cover? Worth it or not? My feeling has always been, in the event of a total loss, maybe you'd want a 'new' one unless you have particular attachment to your current one?? Salvage buy back? Would you want the pain of slowly tearing it to pieces and selling on? Quote Link to post Share on other sites
TR5tar Posted July 25, 2017 Report Share Posted July 25, 2017 Gents, based on looking around and your input, I think about 9-10% is probably about average. Funnily enough, thats also (as near as) the premium increase! So, "fairs fair"...... Anyone have any thoughts over reinstatement cover? Worth it or not? My feeling has always been, in the event of a total loss, maybe you'd want a 'new' one unless you have particular attachment to your current one?? Salvage buy back? Would you want the pain of slowly tearing it to pieces and selling on? Hi John, Keep in mind that if you are with the TRRI your increase in agreed value will also mean another increase in your premium. Well, it did for me at least, so I assume it's the same for all. I do have the reinstatement cover. I can see your point about having a new one, but for me it would be most important to put mine back on the road, as I'd rather that than see it or any other TR scrapped or sold for parts. Cheers, Darren Quote Link to post Share on other sites
Andrew Smith Posted July 25, 2017 Report Share Posted July 25, 2017 Worth going for 50% Reinstatement and also 'Nil Deduction Salvage Retention' - I have these options on both my TRs. Cheers Andrew Quote Link to post Share on other sites
John Bracher Posted July 25, 2017 Author Report Share Posted July 25, 2017 Worth going for 50% Reinstatement and also 'Nil Deduction Salvage Retention' - I have these options on both my TRs. Cheers Andrew Hi Andrew Is that with TRRI?? To be honest, if this 'peace of mind' extras increase the premium, it may still be worth it, just to have the options in the event of an unthinkable situation! Quote Link to post Share on other sites
John Bracher Posted July 25, 2017 Author Report Share Posted July 25, 2017 Hi John, Keep in mind that if you are with the TRRI your increase in agreed value will also mean another increase in your premium. Well, it did for me at least, so I assume it's the same for all. I do have the reinstatement cover. I can see your point about having a new one, but for me it would be most important to put mine back on the road, as I'd rather that than see it or any other TR scrapped or sold for parts. Cheers, Darren Hi Darren Agreed, all points. TBH, if the changes increased the premium, it is still minor compared to possibly 'losing the lot'!! Quote Link to post Share on other sites
Andrew Smith Posted July 26, 2017 Report Share Posted July 26, 2017 Hi Andrew Is that with TRRI?? To be honest, if this 'peace of mind' extras increase the premium, it may still be worth it, just to have the options in the event of an unthinkable situation! Hi John, No FJ, but I understand the TRRI offer the same enhancements to the policy. Cheers Andrew Quote Link to post Share on other sites
John Bracher Posted July 26, 2017 Author Report Share Posted July 26, 2017 Hi John, No FJ, but I understand the TRRI offer the same enhancements to the policy. Cheers Andrew Ta! Quote Link to post Share on other sites
john.r.davies Posted July 26, 2017 Report Share Posted July 26, 2017 Different horses, but this year I looked at all the mod part on my race Vitesse, and doubled the agreed value. John Quote Link to post Share on other sites
jake_a Posted February 2, 2020 Report Share Posted February 2, 2020 Has anyone got a link to an accurate grid showing TR6 values? The ones in the magazines never seem to change year on year! Quote Link to post Share on other sites
jogger321 Posted February 2, 2020 Report Share Posted February 2, 2020 Mine is NOT for sale ...I've owned it over 30 years...however the values seem all over the place..I've seen PI CP models for sale recently between £7000 and £35,000! How you value one accurately would appear a finger in the wind touch IMHO Quote Link to post Share on other sites
John McCormack Posted February 3, 2020 Report Share Posted February 3, 2020 (edited) On 7/25/2017 at 1:33 PM, Mike C said: I looked at the cost of equivalent TR6's on local car sales websites, on the basis that if it was totally destroyed in an accident I'd have to buy a replacement.My insurer checked the websites and agreed. I'd estimate that the price of PI TR6's in Australia has increased by 60% in the past five years due to their relative scarcity. That would be nice. My reading of the adverts is that a solid PI in good condition, either a survivor like mine or an older renovation, is in the $40-45,000 mark. A recent comprehensive restoration nearer $50-55,000. Mine is insured for $45,000. Edited February 3, 2020 by John McCormack Quote Link to post Share on other sites
Tim D. Posted February 3, 2020 Report Share Posted February 3, 2020 Mine: no rust, new chassis, virtually everything rebuilt in the last 5 years and Supercharger conversion was valued at £35K this year by TSSC. no idea whether this accurate, all I know is that it makes the insurance go up :-( Quote Link to post Share on other sites
jake_a Posted February 4, 2020 Report Share Posted February 4, 2020 Mine will be even more difficult to value. ex USA RHD conversion owned for 27 years Older restoration massive history folder many recent upgrades rust free Im wondering whether £15k is enough, too much, or about right?! Quote Link to post Share on other sites
TRTOM2498PI Posted February 4, 2020 Report Share Posted February 4, 2020 Hi Jake, Do you have any pictures ? Of course, would need a physical inspection, but we would have half an idea, etc. Cheers. Quote Link to post Share on other sites
Mick Forey Posted February 4, 2020 Report Share Posted February 4, 2020 Jake, I have sent you a pm. Mick Quote Link to post Share on other sites
Drewmotty Posted February 4, 2020 Report Share Posted February 4, 2020 (edited) TSSC publish "TSSC Insurance - Car Values" in their Courier magazine. I don't know where their values come from but it makes interesting reading as they seem to value TR6 higher than all but a TR5: A1 A1+ TR2 15400 24500 TR3&3A 16800 28000 TR4 15400 24500 TR4a 16800 26000 TR5 26000 45500 TR6 18000 30800 "Values Revised 1/9/18" Would anyone out there like to sell me their A1 TR5 for 26000? Edited February 4, 2020 by Drewmotty Quote Link to post Share on other sites
jake_a Posted February 4, 2020 Report Share Posted February 4, 2020 8 hours ago, TRTOM2498PI said: Hi Jake, Do you have any pictures ? Of course, would need a physical inspection, but we would have half an idea, etc. Cheers. Quote Link to post Share on other sites
jake_a Posted February 4, 2020 Report Share Posted February 4, 2020 Quote Link to post Share on other sites
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