Recommendation on valuer for MX5s

Ross Bryon · Post by **Ross Bryon** » Tue Feb 08, 2005 5:04 pm

Can anyone recommend a registered valuer who knows the MX5 market well?

My daughter's red 91 Auto has been written off by her insurance company
and their valuer has put a PAV (pre-accident valuation) of only $7000
on it.

Before running into the side of a car which ran a stop sign driven by a
young asian girl with a learner's permit, no licenced passenger, no
L-plate and who wanted my daughter to agree to say that her father was
driving... hers was a spiffy little red MX5 in quite good condition,
brand new tyres, 3-month-new Robbins soft top... but with the usual
slight variation in reds between the metal and the plastic panels.

The insurance company's valuer seems to be seizing on this to
down-value the car.

We would like to have another independent valuer look at it before
accepting their $7000 figure (up to now they have been happy enough to
receive premiums on a $9000 value).

Any recommendations?

Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland

Ross Bryon · Post by **Ross Bryon** » Tue Feb 08, 2005 5:04 pm

Can anyone recommend a registered valuer who knows the MX5 market well?

My daughter's red 91 Auto has been written off by her insurance company
and their valuer has put a PAV (pre-accident valuation) of only $7000
on it.

Before running into the side of a car which ran a stop sign driven by a
young asian girl with a learner's permit, no licenced passenger, no
L-plate and who wanted my daughter to agree to say that her father was
driving... hers was a spiffy little red MX5 in quite good condition,
brand new tyres, 3-month-new Robbins soft top... but with the usual
slight variation in reds between the metal and the plastic panels.

The insurance company's valuer seems to be seizing on this to
down-value the car.

We would like to have another independent valuer look at it before
accepting their $7000 figure (up to now they have been happy enough to
receive premiums on a $9000 value).

Any recommendations?

Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland

Thomas Beagle · Post by **Thomas Beagle** » Tue Feb 08, 2005 5:12 pm

Not a registered valuer, but I'd have thought $7k was quite fair for
that car.

Thomas.

Ross Bryon wrote:
[...]

Thomas Beagle · Post by **Thomas Beagle** » Tue Feb 08, 2005 5:12 pm

Not a registered valuer, but I'd have thought $7k was quite fair for
that car.

Thomas.

Ross Bryon wrote:
[...]

Cathie Boaler-Walls · Post by **Cathie Boaler-Walls** » Tue Feb 08, 2005 5:23 pm

I dont know about the value of the little red MX5 - but I do know you
can insure a vehicle for whatever you like with certain insurance
companies- and they readily will take your money - but will only out the
value they have listed in their little black book.

I had a mini which I paid insurance on - then by chance found out that
the insurance company would only pay a lessor sum, because that is what
they had minis of that particular year listed as - I even discussed
taking them to court for fraud - ie taking my money at $8,000 insurance
- but they would only pay $6,000. The guy at the insurance company said
I could insure my car for whatever value I wished that was my perogative
- but I would only get back the value of what was recorded in their
book!@#$!@#

Not much help I know. I have a 1971 MGB GT at present - I have to get
special yearly documentation from a garage/car dealer - to have it
valued at what is a true value - and not what is recorded in the
insurance company's book. Because it is a 1971 they say the value is
around $4,000!!! They are dreamers. Still in a couple of years it should
become a classic - then no doubt they will want a huge premium payment.
But the MG has to go as I now have an MX5 - and enjoying driving around
with the lid down - having fun.

Good luck

Cathie Boaler-Walls · Post by **Cathie Boaler-Walls** » Tue Feb 08, 2005 5:23 pm

I dont know about the value of the little red MX5 - but I do know you
can insure a vehicle for whatever you like with certain insurance
companies- and they readily will take your money - but will only out the
value they have listed in their little black book.

I had a mini which I paid insurance on - then by chance found out that
the insurance company would only pay a lessor sum, because that is what
they had minis of that particular year listed as - I even discussed
taking them to court for fraud - ie taking my money at $8,000 insurance
- but they would only pay $6,000. The guy at the insurance company said
I could insure my car for whatever value I wished that was my perogative
- but I would only get back the value of what was recorded in their
book!@#$!@#

Not much help I know. I have a 1971 MGB GT at present - I have to get
special yearly documentation from a garage/car dealer - to have it
valued at what is a true value - and not what is recorded in the
insurance company's book. Because it is a 1971 they say the value is
around $4,000!!! They are dreamers. Still in a couple of years it should
become a classic - then no doubt they will want a huge premium payment.
But the MG has to go as I now have an MX5 - and enjoying driving around
with the lid down - having fun.

Good luck

Bill Rehm · Post by **Bill Rehm** » Tue Feb 08, 2005 5:29 pm

Ross

I learned a long time ago, what you insure a car for and what you get
are as different as black and white. In fact, your insurance company
would have been more than willing to allow you to insure the car for
$12,000 or $15,000 and would have happily expected you to pay the
appropriate premium.

Another reality is for some companies, premiums are charged in "value
bands",i.e. the same premium for a car worth say $7,000 to $9,000.

I was successful once in the USA by using an independent valuer as a
negotiating chip with an insurance company. Give it a go if you can, but
be forewarned: brand new tires and a 3-month old top don't ad value,
from an insurance valuation perspective.

PS: your comments about the other driver were irrelevant to the issue
and IMHO uncalled for. It could just as easily have been a young
unlicensed Kiwi gal or guy. Get my drift mate???

Regards
Bill

Bill Rehm · Post by **Bill Rehm** » Tue Feb 08, 2005 5:29 pm

Ross

I learned a long time ago, what you insure a car for and what you get
are as different as black and white. In fact, your insurance company
would have been more than willing to allow you to insure the car for
$12,000 or $15,000 and would have happily expected you to pay the
appropriate premium.

Another reality is for some companies, premiums are charged in "value
bands",i.e. the same premium for a car worth say $7,000 to $9,000.

I was successful once in the USA by using an independent valuer as a
negotiating chip with an insurance company. Give it a go if you can, but
be forewarned: brand new tires and a 3-month old top don't ad value,
from an insurance valuation perspective.

PS: your comments about the other driver were irrelevant to the issue
and IMHO uncalled for. It could just as easily have been a young
unlicensed Kiwi gal or guy. Get my drift mate???

Regards
Bill

Colin Francis · Post by **Colin Francis** » Tue Feb 08, 2005 7:17 pm

On Tue, 08 Feb 2005 17:29:40 +1300, you wrote:

PS: your comments about the other driver were irrelevant to the issue
and IMHO uncalled for. It could just as easily have been a young
unlicensed Kiwi gal or guy. Get my drift mate???

Stop being so PC "mate"

It was a car which "ran a stop sign driven by a
young asian girl with a learner's permit, no licenced passenger, no
L-plate and who wanted my daughter to agree to say that her father was
driving" It could have been a kiwi or an Aussie or a Doberman Pincer but the
truth of the matter is it wasn't.
--
Col

http://miata.cardomain.com/memberpage/684887

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Date: Mon, 7 Feb 2005 22:30:36 -0800 (PST)
From: Steph Bond <steph007_nz@yahoo.com>
Subject: Re: Re: Water inside panels?
To: MX5List <mx5list@mx5club.org.nz>
In-Reply-To: <20050208030349.WTUF7985.pop1-rme.xtra.co.nz@[210.86.15.137]>
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Thank you Ron and Danny for your help regarding the water inside the panels. It was as you suggested Ron, water inside the door sill panels. The knife in the welded seam did the trick. Yay, no more sloshing! Thanks again.

Kind regards,
Steph.
Tired of spam? Yahoo! Mail has the best spam protection around
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Colin Francis · Post by **Colin Francis** » Tue Feb 08, 2005 7:17 pm

On Tue, 08 Feb 2005 17:29:40 +1300, you wrote:

PS: your comments about the other driver were irrelevant to the issue
and IMHO uncalled for. It could just as easily have been a young
unlicensed Kiwi gal or guy. Get my drift mate???

Stop being so PC "mate"

It was a car which "ran a stop sign driven by a
young asian girl with a learner's permit, no licenced passenger, no
L-plate and who wanted my daughter to agree to say that her father was
driving" It could have been a kiwi or an Aussie or a Doberman Pincer but the
truth of the matter is it wasn't.
--
Col

http://miata.cardomain.com/memberpage/684887

From steph007_nz@yahoo.com Fri Apr 27 17:12:31 2007
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b=ZGSKlwnmnkqVHJsrNxSxzfpbcOw+ZXQsXwRu7NIHZurfsHYTwHexQ6cH3nxxCZ2CGB8lhvayVZALQVa8DkZ6sVq5TMRgVJfvUex/vOTtiqm2+qwm0jj8AYySNhJvXxVlZZsOFtjnJ6TSe1JAftaWHUyq6lVBuWz+8HunRtN+v3E=
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Date: Mon, 7 Feb 2005 22:30:36 -0800 (PST)
From: Steph Bond <steph007_nz@yahoo.com>
Subject: Re: Re: Water inside panels?
To: MX5List <mx5list@mx5club.org.nz>
In-Reply-To: <20050208030349.WTUF7985.pop1-rme.xtra.co.nz@[210.86.15.137]>
MIME-Version: 1.0
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Message-ID: <M4BEhD.A.2s.RdYMGB@L733>

Thank you Ron and Danny for your help regarding the water inside the panels. It was as you suggested Ron, water inside the door sill panels. The knife in the welded seam did the trick. Yay, no more sloshing! Thanks again.

Kind regards,
Steph.
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail.yahoo.com

Bill Rehm · Post by **Bill Rehm** » Tue Feb 08, 2005 8:10 pm

I'm not being PC "mate", in fact I despise the excessive PC down here
AND in places where it exists in the USA. I simply don't appreciate
anyone being so blatantly ethnically prejudiced. Like I said the
comments about the other driver were IRRELEVANT to the topic.

But hey, you may be right -- perhaps it is unrealistic of me to expect
people like yourself and Ross to accept or attempt to understand other's
origins ...

Of course I wonder if Ross would have made a point of it, had the female
been an Aussie or Doberman (note the correct spelling). I suspect he
still would have ... if it had been an Aussie

Regards
Bill

Bill Rehm · Post by **Bill Rehm** » Tue Feb 08, 2005 8:10 pm

I'm not being PC "mate", in fact I despise the excessive PC down here
AND in places where it exists in the USA. I simply don't appreciate
anyone being so blatantly ethnically prejudiced. Like I said the
comments about the other driver were IRRELEVANT to the topic.

But hey, you may be right -- perhaps it is unrealistic of me to expect
people like yourself and Ross to accept or attempt to understand other's
origins ...

Of course I wonder if Ross would have made a point of it, had the female
been an Aussie or Doberman (note the correct spelling). I suspect he
still would have ... if it had been an Aussie

Regards
Bill

Colin Francis · Post by **Colin Francis** » Tue Feb 08, 2005 8:32 pm

On Tue, 08 Feb 2005 20:10:10 +1300, you wrote:

I'm not being PC "mate", in fact I despise the excessive PC down here
AND in places where it exists in the USA. I simply don't appreciate
anyone being so blatantly ethnically prejudiced. Like I said the
comments about the other driver were IRRELEVANT to the topic.

Does it really matter ?

But hey, you may be right -- perhaps it is unrealistic of me to expect
people like yourself and Ross to accept or attempt to understand other's
origins ...

"People like yourself ?" You don't even know me. You don't even know Ross
probably. LOL

Of course I wonder if Ross would have made a point of it, had the female
been an Aussie or Doberman (note the correct spelling). I suspect he
still would have ... if it had been an Aussie

Why not email and ask him ?

As an aside I frankly find the standard of Asian drivers frightening . I hear
some of them travel at 170 kph.

[...]

Colin Francis · Post by **Colin Francis** » Tue Feb 08, 2005 8:32 pm

On Tue, 08 Feb 2005 20:10:10 +1300, you wrote:

I'm not being PC "mate", in fact I despise the excessive PC down here
AND in places where it exists in the USA. I simply don't appreciate
anyone being so blatantly ethnically prejudiced. Like I said the
comments about the other driver were IRRELEVANT to the topic.

Does it really matter ?

But hey, you may be right -- perhaps it is unrealistic of me to expect
people like yourself and Ross to accept or attempt to understand other's
origins ...

"People like yourself ?" You don't even know me. You don't even know Ross
probably. LOL

Of course I wonder if Ross would have made a point of it, had the female
been an Aussie or Doberman (note the correct spelling). I suspect he
still would have ... if it had been an Aussie

Why not email and ask him ?

As an aside I frankly find the standard of Asian drivers frightening . I hear
some of them travel at 170 kph.

[...]

Colin Francis · Post by **Colin Francis** » Tue Feb 08, 2005 8:34 pm

On Thu, 08 Dec 2005 20:27:20 +1300, you wrote:

I thought we'd just got thru the last crisis guys. Quit it. Its
becoming tempting to leave the list and all its valuable resourses if
all you lot are going to do is snipe at each other.
Keith

I have had my say and the matter is over now Keith.

--
Col

Col's law
* Thinly sliced cabbage *

Colin Francis · Post by **Colin Francis** » Tue Feb 08, 2005 8:34 pm

On Thu, 08 Dec 2005 20:27:20 +1300, you wrote:

I thought we'd just got thru the last crisis guys. Quit it. Its
becoming tempting to leave the list and all its valuable resourses if
all you lot are going to do is snipe at each other.
Keith

I have had my say and the matter is over now Keith.

--
Col

Col's law
* Thinly sliced cabbage *

Michael & Kate Cooper · Post by **Michael & Kate Cooper** » Tue Feb 08, 2005 9:01 pm

If referring to canines (I won't jump to conclusions, but I think you may
be) ...Doberman can also be spelt Dobermann (named after Herr Louis
Dobermann), and the "Pincer" referred to, I believe is spelt "Pinscher."
Sometimes Pinscher is used in the name, and sometimes it isn't - I believe
that either way is correct.

Anyhow - suppose the dog in question was driving the car in question - if
it's anything like the brainless dobermann we have staying in our kennels at
the moment - I would not be surprised if it's standard of driving needs a
lot to be desired! (Not that I'm lumping the entire dobermann breed into
the bad-drivers category, of course!) Maybe they would steer better if they
still had tails to help with their balance...?

With regard to the insurance value - I have recently discovered about the
insurance companies scam to get more money out of us ignorant consumers.
Our MX5 is insured for $7800, but the amount they will pay out I think is
only about what you'd get if you sold it to a car dealer - it's not even the
amount you'd get on the private market - so it is really quite low! I would
guess that $7000, (although being criminal on the part of the insurance
company) is more than what most would get in the same situation.

By the way - are you allowed to take the soft-top off to use on your next
MX5? And change the near-new tyres for worn-out ones? What about the
stereo if you have put a decent one in? Does anyone know the rules on this?
If you're not going to get any extra payout for them, you may as well sell
them on Trade-Me to recoup some of your losses (and off-set the sour taste
left by the insurance company).

Kate

Michael & Kate Cooper · Post by **Michael & Kate Cooper** » Tue Feb 08, 2005 9:01 pm

If referring to canines (I won't jump to conclusions, but I think you may
be) ...Doberman can also be spelt Dobermann (named after Herr Louis
Dobermann), and the "Pincer" referred to, I believe is spelt "Pinscher."
Sometimes Pinscher is used in the name, and sometimes it isn't - I believe
that either way is correct.

Anyhow - suppose the dog in question was driving the car in question - if
it's anything like the brainless dobermann we have staying in our kennels at
the moment - I would not be surprised if it's standard of driving needs a
lot to be desired! (Not that I'm lumping the entire dobermann breed into
the bad-drivers category, of course!) Maybe they would steer better if they
still had tails to help with their balance...?

With regard to the insurance value - I have recently discovered about the
insurance companies scam to get more money out of us ignorant consumers.
Our MX5 is insured for $7800, but the amount they will pay out I think is
only about what you'd get if you sold it to a car dealer - it's not even the
amount you'd get on the private market - so it is really quite low! I would
guess that $7000, (although being criminal on the part of the insurance
company) is more than what most would get in the same situation.

By the way - are you allowed to take the soft-top off to use on your next
MX5? And change the near-new tyres for worn-out ones? What about the
stereo if you have put a decent one in? Does anyone know the rules on this?
If you're not going to get any extra payout for them, you may as well sell
them on Trade-Me to recoup some of your losses (and off-set the sour taste
left by the insurance company).

Kate

Warwick & Heather · Post by **Warwick & Heather** » Tue Feb 08, 2005 9:14 pm

$7000 sounds about right if mileage is about 100,000km.
Some insurance companies seem a bit more lienient- we had an early Honda
civic which a German tourist borrowed and rolled on a gravel road- even the
farm dog was thrown out and limped back to the farm. They said it was worth
more than the $3k we had it insured for, and would get 3 values and accept
the average of the three, if we agreed. They paid out $3800. We also had 48
hours to take anything we wanted from the car, including a new battery.
Later they told us to choose any stained glass we wanted after a door
cracked in the wind and bill them. The leadlight we choose was $800 and they
never questioned it so naturally they kept our business.

Rick

Warwick & Heather · Post by **Warwick & Heather** » Tue Feb 08, 2005 9:14 pm

$7000 sounds about right if mileage is about 100,000km.
Some insurance companies seem a bit more lienient- we had an early Honda
civic which a German tourist borrowed and rolled on a gravel road- even the
farm dog was thrown out and limped back to the farm. They said it was worth
more than the $3k we had it insured for, and would get 3 values and accept
the average of the three, if we agreed. They paid out $3800. We also had 48
hours to take anything we wanted from the car, including a new battery.
Later they told us to choose any stained glass we wanted after a door
cracked in the wind and bill them. The leadlight we choose was $800 and they
never questioned it so naturally they kept our business.

Rick

Ross Bryon · Post by **Ross Bryon** » Wed Feb 09, 2005 12:53 am

Thanks everybody for your input on this question... very helpful in
putting the question in perspective. enough said on this subject now...
(More than enough from some quarters. It was after all a simple query,
not a moral debate-starter! I guess some people just cannot resist a
soap box.)

Obviously the lesson to be learned here is to shop around for a company
who will give you "agreed value" insurance... ie, insurance that will
pay out the full agreed value (upon which you have paid premiums) in
the event of a total loss. I have such a policy (with AMI) on my MX5,
unfortunately my daughter did not.

cheers, and thanks again,

Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland

Ross Bryon · Post by **Ross Bryon** » Wed Feb 09, 2005 12:53 am

Thanks everybody for your input on this question... very helpful in
putting the question in perspective. enough said on this subject now...
(More than enough from some quarters. It was after all a simple query,
not a moral debate-starter! I guess some people just cannot resist a
soap box.)

Obviously the lesson to be learned here is to shop around for a company
who will give you "agreed value" insurance... ie, insurance that will
pay out the full agreed value (upon which you have paid premiums) in
the event of a total loss. I have such a policy (with AMI) on my MX5,
unfortunately my daughter did not.

cheers, and thanks again,

Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland

SLYDIT · Post by **SLYDIT** » Tue Feb 15, 2005 5:17 pm

The best place to get your car valued is somewhere
where youd NEVER buy from because they are way over
priced, They cant have cars sitting on the lot for
12000 and value yours at 7000!!
For me they were:
Ellis utting motors
North shore mazda in Glenfield
South Auckland Ford.
All gave glowing valuations on the car and generous
dollar values especially as they had stock on the yard
for significantly more than my car was "worth"
Expect to pay for a written valuation from these
places but at leats you know the insurance companies
will take them into consideration.

SLYDIT · Post by **SLYDIT** » Tue Feb 15, 2005 5:17 pm

The best place to get your car valued is somewhere
where youd NEVER buy from because they are way over
priced, They cant have cars sitting on the lot for
12000 and value yours at 7000!!
For me they were:
Ellis utting motors
North shore mazda in Glenfield
South Auckland Ford.
All gave glowing valuations on the car and generous
dollar values especially as they had stock on the yard
for significantly more than my car was "worth"
Expect to pay for a written valuation from these
places but at leats you know the insurance companies
will take them into consideration.

Keith Smith · Post by **Keith Smith** » Thu Dec 08, 2005 5:53 pm

I tend to agree with others that the Insurance company guys take your
money and don't give back, but that $7000 was roughly what it gets
these days. I was looking at my 92 manual with new top (glass insert)
getting about $7500... although the dude from Indonesia with the friend
in Great Britain who was writing me a cheque for an American bank was
happy to end up paying $15000.
On 08/02/2005, at 5:04 PM, Ross Bryon wrote:

[...]

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