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Re: Insurance Valuations

Posted: Wed Jun 05, 2019 10:05 pm
by JT7196
Why am I unable to post a picture on here, when I try, I get a message saying that it’s too large ?. πŸ˜•πŸ˜•

Cheers Al

Re: Insurance Valuations

Posted: Wed Jun 05, 2019 10:38 pm
by classiclife
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.

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.