That's what I used to believe. There are people on here with buses "valued" far and away more than reality dictates. I don't believe for 1 minute an insurance company will just cough up; when the overwhelming evidence is that the owner was taking the pi**.
ive had a similar conversation with an insurance assessor , the owner had valued their vehicle very high, the assessor definitely did not agree, it it’s Ridiculously out of the way it may even be classed as insurance fraud
I had a customer who had paid £35k for a restored Aussie import. It was one of the cheaper ones on offer from the importer / tarter upper. It was nice but it wasn't all that.
And I met some new owners on our car park in a very average van they'd paid £18k for. Everything about it was scruffy or "wrong". I'd have valued it at £10k though I didn't mention that. They valued mine at £25k. I'd value it £15k tops. Funny old world.
But surely the answer to that is for the insurance company to cover their ass and send someone out to assess the agreed value otherwise it just becomes a bun fight ... I've just sent in my agreed value after the refurb and on paper it looks worth the 20k + I've submitted and as anyone knows , it's NOT worth that but why mess around ?? If they want an accurate valuation send someone out . Self agreed value is a joke - as is my valuation . Sent from my SM-G960F using Tapatalk
I have often wondered if insurance companies would really pay out 20K on a bus that was really average if it got smashed up into a big pile of filler and paint.. I guess not, or every dodgy *****er with a crap bus would be having accidents..
They’re popular at the moment so people trying to get good money for them. However, I’ve been looking for the last couple of years and found it difficult to find anything great for under 12-14k. I set my budget at 15k to buy one and am happy with what I bought for the most part. What I would say though is that value is only in the beholders eyes really, most people on here know a lot about these buses and what it costs to sort things out so in general would value them at less than what more inexperienced people would pay. What I have learnt on here since owning one would put me in a stronger position if I was buying one now for sure, and I would maybe find one cheaper than I did. To me though, they’re a bit like houses. The value is pretty irrelevant if you are gonna get the use out of them. You’ll likely get a good portion of money back if you ever do decide to sell but for most it isn’t the end goal of buying one.
No it isn't. If people are currently asking £20k for a bus similar to yours then you had better hope you have a £20k agreed value or you will end up out of pocket or with a carp bus in the event of a write off.
Or like buying any vehicle, use it for what it is, depreciation on daily cars seems to be acceptable but lots buy classics to make money as an investment for the future too, some people do ok , most lose but if they use them it’s a win
there was an article in one of the papers a week or so ago about a couple with two kids who had hired a camper van (about the same size as a T2) and they said it was a cramped and unpleasant experience until the kids went home and they were able to enjoy a couple of days on their own. My wife won't sleep in ours and I use it more as a second vehicle than a camper van.
Yes it is. You see people all the time. Selling their bus.. advert goes a little like this.... agreed value £20k up for sale £17k.... then 3 weeks later... price drop £15k You get the idea.... Some people are completely unrealistic.
I would think if it’s a write off due to being completely burnt out or stolen & not recovered I can’t see how they can quibble. However if it’s had a bit of a smash & they send out an assessor that would be a different story.
Oh it’s all a bit ‘finger in the air’ I agree, but I suspect if one’s Agreed Valuation is £10k where the bus was actually worth more than that I can’t see the insurer paying out more! I think of it as a starting point from which the actual settlement is more than likely going to be less because that’s what insurers do... Sent from my iPhone using Tapatalk
In my small experience as a repairer aguing the toss on site with a loss adjuster... If someone hits you from behind and you end up properly stoved in because the chassis is rust flakes and the panels are filler over rust, the loss adjuster will proportion a chunk of the repair cost as "restoration" which they will not pay for. Agreed overall value wouldn't apply as it's for total loss? Where the loss is total ze insurance would pay in full.
Ask your insurer. Mine told me, I'm sure I remember this right, that the agreed value is the MAXIMUM they would pay out in any circumstances. Those circumstances presumably being total loss.
