Just got my valuation back

Hi guys, as some of you may recall I recently (september) sent off my stuff to get my car valued. I rang up steve kevlin today to find out if the letter + info i'd sent had got lost but i was told steve has finished till the 4th. I thought oh well no biggie then the post arrived and my valuation had arrived, wierd eh? Anyway I am quite surprised as they rekon its worth £19,000 which I think is very generous.

I don't understand... Are you saying there is someone who will pay £19,000 for a 1999 C2? If so, I'll sell mine tomorrow as I think my 2000 model C2 is only worth about £10-11K these days...

It's a Club valuation, which is usually done for establishing an agreed valuation with an insurance company. More appropriate to the older models, where the "book value" can be a lot less than the market value.

Oh I see. But that's bonkers... either Steve Kevlin has no idea what 996s are worth, or it's some sort of insurance scam. Surely no insurance company will pay out £19K on a car that is still quite readily available and anyone can see via PH or Autotrader its real value. I can understand the point of it, for say valuing a pre 1990's rare Porsche, but don't see the aim of it for a 1999 C2. And surely if the worst happened, the ins co. would just look up in Glass's or look on AT and see its not worth that and say the valuation is now x month's old and not relevant? Or, am I missing something here?

My C4S was valued at £3k more than I purchased it for the previous year, valid for 2 years & certificate from the Insurance Underwriters agreeing to the figure, so 'happy days' if they tried to challenge that in court I would suggest!

It does only have 60000 on the clock and has had clutch, suspension, track control arms changed.

Based on those valuations, does anyone want to smash into mine and I'll split the claim??

Club valuations are done to insurance-industry approved standards as I understand it. I've personally helped non-members out with valuations and sometimes the insurers have thrown them out, as I'm not considered capable of valuing 944s. [&o] The figures do tend to be on the high side, but that reflects the fact that Club member's cars tend to be better cars than non-members. A huge generalisation, but then Classicline gave me 10% off my first year's premium because I was a Club member, as they consider us a lower risk. Valuations for a guaranteed-sum policy have to include more than a normal policy, it's about replacing what you had, not just another "similar" car but one as good as, or the cost of bringing one up to the same standard. Of course this throws up the odd case of "how on earth is that car valued so high", but it's a huge benefit to owners of models that are undervalued due to the amount of poor examples dragging the average price down.