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Insurance Valuations

Technical issues not related to a DLOC car marque, eg tyres, ethanol, other car makes, etc. and legal, political and insurance
JT7196
Posts: 1024
Joined: Sat Feb 13, 2016 7:22 am

Re: Insurance Valuations

Post by JT7196 » Wed Jun 05, 2019 10:05 pm

Why am I unable to post a picture on here, when I try, I get a message saying that it’s too large ?. 😕😕

Cheers Al

classiclife
Posts: 365
Joined: Wed Sep 05, 2018 9:55 am
Location: Ridgewood - East Sussex
Contact:

Re: Insurance Valuations

Post by classiclife » Wed Jun 05, 2019 10:38 pm

Hello Al,

Probably because your photos are too big, although not always obvious at the time.

Try this piece of software - I use it all the time where a photo reduction is required. If you go for "very small size file" on the Quality drop down box you will be able to post. I use a separate folder to contain my reduced photo images.

http://www.imageoptimizer.net/Pages/Home.aspx

With regard to the AIV, I think a lot of people get confused with this term and value of vehicle:

AIV= the amount the insurance company agree up too in relation to full rebuild cost of the car and also the amount to be paid out if the car is a complete write-off.

Car value= is purely the accepted market value of the car by the insurance company and NOT that of the owner !!

As you can see, AIV has absolutely nothing to do with the perceived value of a car which is subjective at the best of times. Therefore the AIV should / must be greater than the car's value.

Regards.

Richard.
1968 Daimler V8-250 Saloon
DLOC East Sussex Area Representative.

Southern Classics Society Events Co-ordinator.
www.southernclassics.org.uk

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