BODA is pleased to announce the resumption of the provision of insurance valuations.
These take the form of a written report on BODA letterhead for a fee of £50 per valuation.
They are based upon submission of suitable supporting documentation and photographs. Members should note the following:
- Valuations will be for insurance purposes only and are not market valuations. They cannot be used for probate purposes, for example, nor in connection with dispute resolution.
- No physical inspections of vehicles will be undertaken. Valuations are based upon the owner’s representations and are caveated accordingly.
- Most insurance underwriters will respect a valuation provided by BODA, but it is worth double-checking this with your insurance broker or insurance company. Footman James, one of the leaders in the classic car insurance field, has already confirmed that it will recognise the Club’s valuations for their purposes.
The viability of the service depends upon the demand for valuations proving to compensate for the associated costs (most notably, an increase in our insurance premium in respect of professional liability).
In the first instance please contact Michael Barton via email@example.com. We will then issue the relevant valuation questionnaire for you to complete and return with photographs