Vehicle Valuations : Terms & Conditions

1. Automotive vehicle valuations are the considered opinion of the Assessor or Assessors issuing such valuation. Valuations may vary  over time  and are subject to the vagaries of many factors such as market sentiment, currency fluctuations, the price of fuel, and ultimately interaction of Supply and Demand. 
2. Valuations fluctuate over time and should be frequently updated.
3. In this case Valuations are issued for the sole purpose of counteracting the industry trend to make use of a so-called Book Value and frequently undervalue vehicles for insurance purposes leading to a situation where the claimant can’t readily replace the vehicle with an equivalent in terms of type, model, and condition.
4. The Valuations issued by The Club are for insurance purposes only and not an estimate of the vehicle's net realisable market value.
5. Valuations have a Validity Period and should be renewed every 12 months at least
6. Valuations are determined by a proprietary formula  wherein the adjusted value of similar vehicles on sale in the current market, is a material aspect thereof.
7. Club valuations are not to be used for the settlement of disputes.