What's it worth?
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Please post in other areas if more suitable (eg technical, for sale etc...) Use of the General section to circumvent correct use of other forum sections may result in posts being deleted or forum permissions being revoked. Thank you.
- Swampy
- Club Member - MR2OCNZ
- Posts: 703
- Joined: Wed May 13, 2015 10:37 am
- Stomping Ground: Waikato
- Prime Mover: SW20
- First name: James
Re: What's it worth?
And agreed value was $2,500.. Still think I got a **** deal because it was pouring down with rain that day and so I couldn't pull out my list of things to check. Idled okay, no overheating, exhaust okay, but couldn't check coolant and fluids and I made the stupid mistake of not asking about cambelt change..
- GDII
- Forum Moderator - MR2OCNZ
- Posts: 5741
- Joined: Sun Jul 10, 2011 5:13 pm
- Stomping Ground: Wellington
- Prime Mover: SW20
- First name: Phill
Re: What's it worth?
I bought my 1990 NA for about that 7 years ago and my max insurance payments for full insurance was about 2/3rds of what you are paying. I was a youngn' too but I had my full.
1990 SW20 MR2 G-Limited (GEN4 3SGTE Installed)
2000 AE111R Corolla Wagon NZ New Daily
1996 AE101R Corolla Sprint NZ New Selling Soon
1990 EP81 Starlet XL (Sold)
1990 EE90 Corolla XL (Sold)
Instagram https://www.instagram.com/sw20glimited/
2000 AE111R Corolla Wagon NZ New Daily
1996 AE101R Corolla Sprint NZ New Selling Soon
1990 EP81 Starlet XL (Sold)
1990 EE90 Corolla XL (Sold)
Instagram https://www.instagram.com/sw20glimited/
- Swampy
- Club Member - MR2OCNZ
- Posts: 703
- Joined: Wed May 13, 2015 10:37 am
- Stomping Ground: Waikato
- Prime Mover: SW20
- First name: James
Re: What's it worth?
that sucks, I think I will have to get clarification from my insurance company.. the cars in decent condition anyway, all electrics go (except the radio antenna which I didn't test but the seller did say he used the radio quite a bit), one I wanted before mine went for $2850+/- on trade me and it had driver door/stereo issues and the guy replaced the windscreen..
- MIKEP
- Area Coordinator - MR2OCNZ
- Posts: 1267
- Joined: Thu May 22, 2014 11:34 am
- Stomping Ground: Auckland
- Prime Mover: More than one MR2
- First name: Mike
Re: What's it worth?
I paid 1K for mine auto, Lower KMs but black supercharged and had WOF. OF course I had to get it trucked up from Invercargill. HAs a ding in one guard but otherwise everybit as good as this one if not better
86 AW11 S/C,
81 Porsche 924S
02 VW Golf GTI
Minisprint powered by 4AGE 73D
99 ZZW30 Spyder
04 VW Passat V5
04 Mercedes ML270Cdi
90 SW20 N/A
2022 Club President
Auckland AC-Shows,Motorsport
81 Porsche 924S
02 VW Golf GTI
Minisprint powered by 4AGE 73D
99 ZZW30 Spyder
04 VW Passat V5
04 Mercedes ML270Cdi
90 SW20 N/A
2022 Club President
Auckland AC-Shows,Motorsport
- kiwiculture
- Guest of the Club.
- Posts: 4
- Joined: Wed Jun 11, 2014 10:03 pm
- Stomping Ground: Auckland
- Prime Mover: Looking for an MR2
- First name: Charlie
Re: What's it worth?
This car was parked in Ellerslie when an inattentive driver ploughed into the back of it.
http://mr2.org.nz/phpbb3/download/file. ... w&id=16317
It was a sweet running 1992 targa top with a red top beams engine. Other upgrades- leather interior, rev3 tailights, .
We were fully insured with AMI with an agreed value of $9k. As others have already noted "agreed" means nothing.
Of course AMI's valuer only thinks it's worth $4.5k
Can anyone recommend a valuer? So we can dispute this.
I'll post more pics in the parts section for the wreck
http://mr2.org.nz/phpbb3/download/file. ... w&id=16317
It was a sweet running 1992 targa top with a red top beams engine. Other upgrades- leather interior, rev3 tailights, .
We were fully insured with AMI with an agreed value of $9k. As others have already noted "agreed" means nothing.
Of course AMI's valuer only thinks it's worth $4.5k
Can anyone recommend a valuer? So we can dispute this.
I'll post more pics in the parts section for the wreck
- KWAFA
- Club Member - MR2OCNZ
- Posts: 240
- Joined: Tue Apr 17, 2012 4:26 pm
- Stomping Ground: Auckland
- Prime Mover: ZZW30 (MRS / Spyder)
- First name: Brandon
Re: What's it worth?
Bugger! I remember that car too... was in such awesome condition.
I cannot understand why they wont pay the agreed value when your premiums are based on it? I would fight it.
I cannot understand why they wont pay the agreed value when your premiums are based on it? I would fight it.
- Redline
- Guest of the Club.
- Posts: 680
- Joined: Sun Dec 06, 2009 10:47 pm
- Stomping Ground: Auckland
- Prime Mover: SW20
- First name: Melvin S
Re: What's it worth?
Hey Charlie,
I used to work in the insurance industry. Specifically Fraud investigations but have experience and knowledge in underwriting and claim settlements. If you're having trouble negotiating a desirable result with your insurer, feel free to slide into my PMs with your number and happy to have a chat.
I used to work in the insurance industry. Specifically Fraud investigations but have experience and knowledge in underwriting and claim settlements. If you're having trouble negotiating a desirable result with your insurer, feel free to slide into my PMs with your number and happy to have a chat.
- kiwiculture
- Guest of the Club.
- Posts: 4
- Joined: Wed Jun 11, 2014 10:03 pm
- Stomping Ground: Auckland
- Prime Mover: Looking for an MR2
- First name: Charlie
Re: What's it worth?
Rule 1 Never post in anger
Having now actually read my policy it's not a "Agreed Value" figure it's a "Sum Insured".
My bad. AMI have performed as my policy requires and they answered the phone.
"Sum Insured" means that figure or current market value whichever is the lower.
I couldn't get the insurance I wanted for this car, without jumping through a lot of hoops.
The mainstream insurers aren't setup to cater to people like myself.
I don't expect my car to depreciate, I am keeping it long term, investing in it.
Classic cover or swan insurance would have suited me more. I should have shopped around more.
MR2's are inexpensive sports cars that's one of the reasons I like them.
If you have a good one, and you have improved and rebuilt it, it's worth more to you than it's market value.
I think there is a false perception that if its a mass market 90's japanese car, it's only worth X,
no-one is saying that about a valiant or a land rover or a commodore, they were all common.
Having now actually read my policy it's not a "Agreed Value" figure it's a "Sum Insured".
My bad. AMI have performed as my policy requires and they answered the phone.
"Sum Insured" means that figure or current market value whichever is the lower.
I couldn't get the insurance I wanted for this car, without jumping through a lot of hoops.
The mainstream insurers aren't setup to cater to people like myself.
I don't expect my car to depreciate, I am keeping it long term, investing in it.
Classic cover or swan insurance would have suited me more. I should have shopped around more.
MR2's are inexpensive sports cars that's one of the reasons I like them.
If you have a good one, and you have improved and rebuilt it, it's worth more to you than it's market value.
I think there is a false perception that if its a mass market 90's japanese car, it's only worth X,
no-one is saying that about a valiant or a land rover or a commodore, they were all common.