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Author: Subject: whats it worth post..mk indy zx9r - insurence value?
mk-indy-zx9r

posted on 16/5/12 at 12:15 PM Reply With Quote
whats it worth post..mk indy zx9r - insurence value?

Hello All

the story so far...

i wrote my kit car off a few weeks ago, on the motorway and had it recoverd home, i called the insurence, they said they will send a in house engneer round to clarifiey it was a write off, his repair bill was around 14,500+.

he said normaly they find 3x cars of the same make model and built quality and spec and value it in the middle but there un able to find any other mk indys to a similer spec to mine.

ive emailed mk sportscars who said there happy to do a valuation with pictures prior to the crash, so sent them loads of pictures about 2-3 weeks ago and still awaiting,lol

thought i would see what you guys would valule it at?

not sure if this link will work but here goes:

https://skydrive.live.com/redir.aspx?cid=919a880d8cd07d8d&resid=919A880D8CD07D8D!141&parid=919A880D8CD07D8D!137&authkey=!AJDZ-IeQBfuXKso r />
https://skydrive.live.com/redir.aspx?cid=919a880d8cd07d8d&resid=919A880D8CD07D8D!199&parid=919A880D8CD07D8D!183&authkey=!AJe_OTk7Z9dyAXE r />

let me know what you guys would value it at.

some of the bits it has:


front & rear uprated wilwood & high spec calipers
Ebc Red stuff pads
r888 tyres
15" lightweight wheels
paddleshift conversion
pro-tech coilovers
large oil cooler
oil relocation kit
alloy rear defuser
carbon exhaust
low db spare rear box
quick release steering wheel
quick lock steering rack
................................................etc etc etc

engine: zx9r (2001)
just rebuilt with je high comp pistons
uprated conrods
cometic headgasket
custom made uprated head bolts
ported and polished & skimmed head
barnett race clutch
new bearings through out
z1000 gearbox and selector
dyno jetted carbs



cheers in advance for any input & info.

ill print this topic off and post to insurence for extra info.

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scootz

posted on 16/5/12 at 12:19 PM Reply With Quote
I can't get the links to work.

What year is it... how many miles... how many owners... condition... Q plate or age related!?





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designer

posted on 16/5/12 at 12:32 PM Reply With Quote
Why don't you just post pictures we can see instead of putting in links to all these web photo places that we, the majority, have no intention of joining?
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Pdlewis

posted on 16/5/12 at 12:54 PM Reply With Quote
you dont need to join just download the zip file no need to sign in








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computid

posted on 16/5/12 at 12:58 PM Reply With Quote
I've uploaded all the photos to my flickr stream, viewable here:

http://flic.kr/s/aHsjzpgfiW





Bikes: Yamaha XT660Z Tenere, Tuned Yamaha YZF-R1, in-build Turbo 2004 YZF-R1

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twybrow

posted on 16/5/12 at 02:06 PM Reply With Quote
I would say 6.5k tops would do it... The engine isn't worth a great deal (although I appreciate it has had quite a few upgrades), but you have added a number of quality parts, such as the brakes... There are a couple of similar cars for sale, but advertised price does not mean it is worth it, so you really need to look at cars that sold (ebay would be good for that).

ZX9 powered Indy - overpriced?
ZX12R powered Indy - much sought after engine, but a bit rough around the edges
MK INDY R HAYABUSA KIT CAR road Sprint Race Hillcimb TRACK DAY | eBay

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scootz

posted on 16/5/12 at 02:10 PM Reply With Quote
6k is my ballpark (assuming it was a good un).





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john_p_b

posted on 16/5/12 at 02:39 PM Reply With Quote
start them at 7k hoping for around 6.5k and buy the salvage back for a couple of hundred quid.





built a car, built a home, had a family. lost the family, lost the home, still got the car.

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big_l

posted on 16/5/12 at 02:44 PM Reply With Quote
It's not always what it's worth it's what's it going to cost to replace !!!

Just because people are selling them for 6-7 k doesn't mean you can replace it for that kit cars are so diffent it's very hard to put a replacement price of them !!!





Check out my blog mnrvortxhayabusa@blogspot.com

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mk-indy-zx9r

posted on 16/5/12 at 03:27 PM Reply With Quote
i insured it for 8000, due to the attention to detail and quality of parts used in the build.

im kind of hoping the insurance pay me out for enough to buy another to the same quality. (not found one yet)

they seem to sell for around 7500 to a similer spec with paddle shift and wilwood calipers etc.

was hoping you guys were going to tell me it was worth this

i thought insurence replace like for like if fully comp?

if i insured for 8000 is this not the figure they should pay me back when the car is stolen or writen off?

thanks for all the info so far & posting a working link im not to good at links,lol

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phoenix70

posted on 16/5/12 at 04:03 PM Reply With Quote
Unless you have an agreed value on your insurance, then you will be paid what they feel is Market Value. I've no idea why they ask what its worth when you take out insurance cause it is totally irrelevant.

[Edited on 16/5/12 by phoenix70]

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Not Anumber

posted on 22/5/12 at 02:39 PM Reply With Quote
It surprises me that even insurance companies who specialise in kit cars dont use specialist kit car assessors and just take the same approach as they would to a tin top.
Ask them straight out if they will be putting a Cat C marker on the car - they usually dont for kit cars which is good news but check anyway.

Any deal you do with them make sure you get to keep the car as part of the deal then just replace the bits that need it and spend the rest on a holiday.

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