Hi all My 458 arrived on Friday and I love it. It’s 2014, mega spec, only 4K miles etc. When I set up the insurance they valued it at £127k, the car cost £60k more than that. I entered a higher value for cover purposes but I am interested where they get this valuation from. I have not seen any late Any ideas?
In US they get their value from sources like Kelley Blue Book. For cars like these it can be widly inaccurate. However, in US, you can fight the insurance company on the valuation of you have proof to support your claim.
In The Netherlands, the Insurance firm hires an independant firm to write a full report and let them define the value. To be repeated after 3 years ... If you are not happy with the insured value of your firm, present him your bill that came with the car .. Will that help ?