Lotus Elan

Elan S2 insurance valuation.

PostPost by: PhilGreen » Wed Nov 25, 2015 7:51 pm

The S2 is finally finished and ready for insurance. How would I go about a valuation on it. I have a fugue that I quoted but they need it varified. By who or how I'm not sure.
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PostPost by: paddy » Wed Nov 25, 2015 8:17 pm

You could try Hagerty, who will pretty much accept any valuation you give, and do not require an independent valuation.
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PostPost by: ericbushby » Wed Nov 25, 2015 8:23 pm

Join a car club.
If you are a member of Club Lotus, they have a system of giving a valuation by photographs as far as I know.
Some insurance companies will accept the opinion of a figure suggested by a known authority on the cars, such as the local organizer of a classic car club.
Some companies require you to join a club to get a discount.
Ask the insurance company what they want you to do.
Ask other members of the club.
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PostPost by: S3DHC » Wed Nov 25, 2015 8:29 pm

Hi Phil,
I insured my S3 following a complete rebuild with Chaucer Insurance through Carole Nash
I offered my valuation and they requested pictures to verify condition etc
Policy came with full breakdown cover included at a very reasonable premium
May be worth a try.
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PostPost by: TroonSprint » Wed Nov 25, 2015 11:03 pm

This is certainly a facility offered by Club Lotus which is who I used last year. You send them at least four good quality photos of the car showing the front, rear, engine and interior, at least of one of which must show the car's registration plate. You tell them the general condition of the car and all work that has been done and when. For a fee (I think it is ?15 now) they will send you a valuation by return post. Give their office a ring to get a form sent to you - here's the contact web page http://www.clublotus.co.uk/contact-us.aspx. My 1971 Sprint FHC was valued at much more than I expected.
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PostPost by: Robbie693 » Wed Nov 25, 2015 11:53 pm

Paul Matty also does valuations. Send them photographs or better still go and show him the car. You'll need a valuation/condition form for him to fill in and sign. They charge ?10.00 which goes to charity

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PostPost by: PhilGreen » Fri Nov 27, 2015 12:20 pm

Thanks for all the advice. It will be acted apon.
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PostPost by: 661 » Fri Nov 27, 2015 3:50 pm

Club Lotus valuation used for years. Accepted without quibble by current insurer, 1 Answer. Premium ?68 per year agreed value.
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