serotoninsid
Registered User
- Messages
- 1,754
Thanks for your post.book value may not be the market value.In short, insurers can vary the value they put on the vehicle, from that given in the book.
Thanks for your post.
So if we work on the basis of market value, if I cannot find a similar make/model of the same year with same extras and similar mileage on the market for this price, then they cannot justify their valuation?? ie. I've checked carzone/carsireland/autotrader and the price for a similar car would be 15% more on average.
we could work on that assumption, yes - but for the purpose of this exercise, how is it done? Do they not have to justify their valuation if not via book value, then with quotes rather than assumptions?I'd say that pretty much any car on (say) Carzone can be purchased by a "cash customer" for an amount equal to 85% of the asking price.
we could work on that assumption, yes - but for the purpose of this exercise, how is it done? Do they not have to justify their valuation if not via book value, then with quotes rather than assumptions?
Sure - but how exactly does he do this?Asking prices on a website mean nothing. It's transactions that are relevant. The loss adjustor should ascertain the real cost of replacing the asset.
Sure - but how exactly does he do this?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?