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Thread: A fair agreed value?

  1. #1
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    A fair agreed value?

    Hello Folks,

    Since I've had Matilda, I took out Shannon's motor insurance. They offered me a good price to insure Grover, my 07 Puma.

    Now - I have a lot of accessories - bull bar, towbar, roof rack, drawer system, snorkel, etc - and Shannons have offered an agreed value of $45,000.00.

    Does that sound fair, do you think? I know I would want more if I had to sell it but vehicles all depreciate too. For what it is worth, it is currently insured by 4WD Australia for market value, which they actually cannot put a firm figure on.

    So I'm thinking of swapping to Shannons - hows 45k sound for a 2 year old Puma with lots of gear? Or should I try to press for a greater value?
    2007 Defender 110
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  2. #2
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    Seems resonable.....
    What does redbook say?

  3. #3
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    Quote Originally Posted by Scallops View Post
    Hello Folks,

    Since I've had Matilda, I took out Shannon's motor insurance. They offered me a good price to insure Grover, my 07 Puma.

    Now - I have a lot of accessories - bull bar, towbar, roof rack, drawer system, snorkel, etc - and Shannons have offered an agreed value of $45,000.00.

    Does that sound fair, do you think? I know I would want more if I had to sell it but vehicles all depreciate too. For what it is worth, it is currently insured by 4WD Australia for market value, which they actually cannot put a firm figure on.

    So I'm thinking of swapping to Shannons - hows 45k sound for a 2 year old Puma with lots of gear? Or should I try to press for a greater value?
    Hey Scallops,
    Try TCIS in Adelaide, They do a lot of insurance for 4WD QLD and a lot of others. They gave me a good deal on my Jackaroo with all the accessories I have fitted with an agreed value I was very happy with. (30k I think)

  4. #4
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    Quote Originally Posted by ezyrama View Post
    Hey Scallops,
    Try TCIS in Adelaide, They do a lot of insurance for 4WD QLD and a lot of others. They gave me a good deal on my Jackaroo with all the accessories I have fitted with an agreed value I was very happy with. (30k I think)

    30K for a Jackaroo with accessories. It must be loaded

    sorry for the thread hi-jack Scallops

    Paul

  5. #5
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    No, that's OK Paul

    Now - Redbook reckons between $32,500 and $36,000 for my year/model - these valuations don't take into account any accessories or condition, which I'd have thought would have a bearing on price. I would have thought the Redbook price range appears low. Still, makes Shannon's offer of $45,000 seem pretty good.

    Anyone else have a comment?
    2007 Defender 110
    2017 Mercedes Benz C Class. Cabriolet
    1993 BMW R100LT
    2024 Triumph Bonneville T120 Black

  6. #6
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    have your accessories listed - good incase anything happens to them.
    Hercules: 1986 110 Isuzu 3.9 (4BD1-T)
    Brutus: 1969 109 ExMil 2a FFT (loved and lost)

  7. #7
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    I'd read somewhere on this forum that Shannons don't cover off road use; it might be worth getting clarification on this

    Most tracks are marked "roads" but if you drown it fording a creek & they reckon that wasn't a road, then you'd wish you'd gone with someone else

    Let us know what they say, just to clarify it

  8. #8
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    Quote Originally Posted by Michael2 View Post
    I'd read somewhere on this forum that Shannons don't cover off road use; it might be worth getting clarification on this

    Most tracks are marked "roads" but if you drown it fording a creek & they reckon that wasn't a road, then you'd wish you'd gone with someone else

    Let us know what they say, just to clarify it
    They said - anywhere in Australia - no exceptions. And I have every accessory listed with them too.
    2007 Defender 110
    2017 Mercedes Benz C Class. Cabriolet
    1993 BMW R100LT
    2024 Triumph Bonneville T120 Black

  9. #9
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    Sounds like good cover you've got there Dan.

  10. #10
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    Quote Originally Posted by Scallops View Post
    They said - anywhere in Australia - no exceptions. And I have every accessory listed with them too.
    What insurers sayeth to get the business, and what they do in the event of a claim may be two different things...

    ANywhere in Oz is fine, but if it is off the beaten track, it better be written in the disclosure or policy document.

    A desired agreed value might come at the cost of a higher premium and possibly XS....and they always manage to accelerate the drop in agreed value later on...

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