Valuation of homebuild caravans

Well done. The experience with my build is that they ask you what it cost to build and that becomes the valuation. I found CIL had the cheapest insurance and Club 4x4 was the dearest.
Keith

Eaglefree - That's an interesting service, thanks for the link. It's even more interesting to see that the valuers give a list of insurance companies that accept their valuations. That in itself, is some achievement.

However, the bottom line of course, is whether the insurance companys assessors agree with the valuation when it comes to a payout - or how much they will reduce the insured value come renewal time.

I'm starting to find numerous insurers (and big-name, highly rated ones, too) are providing insurance renewal quotes where the insured value has taken a major hike downwards from one year to the next.

On one 7 year old Toyota vehicle I had insured, the insured value dropped by 43% between 2018 and 2019.
Of course, this was accompanied by a 16% increase in the renewal premium (which % increase, the regulators have made the companies state on the renewal form, now).

I declined to renew with that particular big-name insurer (which I have been with for many years), and found a better deal - a lower premium with an increased valuation (as the vehicle is low kms).

Cheers, Ron.

Make sure its agreed value & not market value. I learnt a lot recently after making a claim after 35 years with the same marine insurer, a year of legal's finally got the amount it was insured for plus my legal’s but the stress time etc. & mine was an agreed value (it was just a game to the insurance company)

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