Motor Assessment & Valuations

Motor Vehicle Valuations
Valuation for Insurance/Finance

At the end of an insurance policy, the  policy holder is expected to renew his or her vehicle cover for the next insurance period, the vehicle has to be valued to determine its current market value, this value is then used by the insurance company to calculate premiums

 

Pre accident Assessment -this is the value of the vehicle before the accident occurred. Or was the actual market value of the vehicle before any accident occurred

Theft Assessment; this is a valuation assessment carried out after either the whole vehicle or parts have been stolen from the vehicle

Valuation for Court Bails/Bonds

This is a personal decision  to have  valuation experts value your car  to determine the actual market value of your vehicle taking into consideration all the prevailing circumstances.

What is a Bond? A bond is a temporary reprieve that one gets from the court pending hearing of a case.A valuation for Court Bond is a valuation conducted for the purpose of presenting it in a court of law so that a bond may be granted

Accident Damage Assessments & Reporting

We do  very thorough   comprehensive assessment after Vehicle  Accident 
The technical reports we generate after the vehicle has been involved in an accident, gives an insight on nature of damage, components that are  damaged and estimation values of damages.
We also advice the garage on repair methods. After the repairs we undertake re-inspection to confirm repairs were done as per our instructions

Calculations  of the Accident Vehicle  Salvage Value 

Salvage Value = Market Value of the vehicle before the damage – Repair Costs – Estimated Depreciation

Here’s an explanation of each component of the formula:

  1. Market Value: This is the estimated value of the vehicle before the accident based on factors such as its make, model, year, mileage, condition, and location. We determine the market value by using our rich database resources achieved from extensive research on Kenyan and Region Motor industry.
  2. Repair Costs: These are the expenses involved in repairing the damage to the vehicle, including parts, labor, and any additional costs related to restoring it to its Pre-accident condition. 
  3. Estimated Depreciation: Accidents can negatively impact a vehicle’s value due to diminished condition and potential damage history. Estimated depreciation represents the reduction in value that the vehicle incurs as a result of the accident. This is typically a percentage of the vehicle’s market value.

Some of our Clients

Insurance Companies

Banks and Microfinances

Internatioanal NGOs

Governments