Pre Accident Value
Most vehicles are insured for their ‘market value’, which means that if the vehicle is damaged beyond economic or safe repair, or stolen and not recovered, the insurer will pay the pre-accident market value of the vehicle or the sum insured, whichever is less.
TEC Group vehicle engineers will provide accurate, researched and independent valuations of vehicles to assist drivers, insurers, or any other parties agree a fair figure. Vehicle valuations can be contentious, raising disputes between owners and third parties whether the result of an insurance write off, end of lease contract, proceeds of crime, confiscation order or diminution in value.
Our vehicle engineers will resolve such issues by undertaking a thorough inspection of the vehicle and provide an independent assessment based on the make, model, age, mileage, condition and any relevant extras. Our engineers have a vast knowledge of all vehicle types and have access to numerous databases including Glass’s Guide, CAP, Parkers Guide, DVLA and HPI, and cross reference data with market trends to ensure values are current and accurate.