Post
by The original northen boy » Sat Feb 28, 2009 8:46 pm
According to Dave Barker,an insurance assessor of 20 years plus experience for the Norwich Union,the most sort after Marina is the MK 1(A) T.C Coupe [face lift car,vinyl roof,tinted glass and cloth upholstery] between this and the basic MK1 T.C coupe there would be a cost difference of a few hundred pounds.Well on to the subject of valuation,Dave said that you would need to get an "agreed value insurance policy",now here it starts to get a little more complex,you need to get your insurer to "agree" to your cars value,this must be established by providing proof that your car is worth the value you say your car is worth,photographic evidence,rebuild receipts,service records,and perhaps the most important a independent valuation of the car by a specialist car valuer (this is possibly harder than you my think as some aged value insurance policy companies are reluctant to take owners club valuations,due to club bias [Dave's' words not mine]on club members cars or cars of the same marque valued by clubs)
Now with regards to a fully restored T.C Dave thought that such a car would only be worth slightly more than an "A" condition un-restored car lots of the money spent on the cars re-build wold not be reflected in the final price,Dave said,
"If the car was a minter,and i'm talking,condition "A" both inside and out,the best i would think you would get on a standard day would be about £2800,it would have to be something special to go over that,the market doesn't commands much higher prices,the Marina is not the most sought after car and this is reflected in the vehicles worth,and desirability,but as to agreed value make sure your policy is air tight or you my not get the return you have agreed on"
Russ
Beckett Bros "value of an agreed type" :roll:
*** "MARINA PICK-UP A REAL MAN'S VEHICLE" ***
for insurance purposes.
