Agreed value insurance

Busboy · 5th September 2016, 20:40

Many years ago (in the 1980`s) I had classic policies on my many Rootes cars that I owned at the time. I thought that I would delve back in to the subject by obtaining a quote for my 2005 CDTi tourer and I am pleased to report that with minimum of haggling I have now got a good agreed value policy that suits my needs.

My main reason for searching for an agreed value policy was because as my car is in very good condition and I have invested quite a bit to keep her well maintained and looking good, I could not bear the thought of a derisory book price sum should the worst happen and it was written off etc.

After filling in the relevant forms and submitting photos and supporting documentation I was offered an agreed value for a mileage of 10,000 a year of a rather stingy £2,500! for what I have been told is a very well preserved car by other club members.

I made the choice as recommended by the insurer that If I was not happy I could seek an independent valuation of having my car valued by an experienced motor engineer, this I arranged with gentleman with a string of letter after his name to match the alphabet! who is a member of several industry recognised bodies , I paid the appropriate fee and received a very fair report, which increased my insurers valuation by over a Grand!!.

now I feel more secure in the knowledge that should the worst happen I would be able to replace my car with one in similar condition, if not safeguard the investment that I have made in its preservation.

I hope that the members who have a good presentable car may find the above information of use in consideration to ensure that your pride and joy is adequately covered.

Teflon · 5th September 2016, 20:53

Out of interest, what company did you go with?

Cliff

Busboy · 5th September 2016, 21:08

Quote:

Originally Posted by Teflon

Out of interest, what company did you go with?

Cliff

Adrian Flux, I know there are others but this firm came up first in a publication I read.

SCP440 · 5th September 2016, 21:08

Yes it would be good to know who you used, I was told no company will give an agreed value for any car unless it is over 15 years old or is rare.

ricardo65 · 5th September 2016, 21:14

I'm with peter best and have agreed value on my zt no quibble and easily sorted for peace of mind just incase you never know what round the corner and I would hate to be offered a book price settlement

5th September 2016, 20:40	#1
Busboy Loves to post 75 tourer (facelift) 2.0 CDTi Join Date: Sep 2014 Location: Gravesend Posts: 480 Thanks: 456 Thanked 55 Times in 39 Posts	Agreed value insurance Many years ago (in the 1980`s) I had classic policies on my many Rootes cars that I owned at the time. I thought that I would delve back in to the subject by obtaining a quote for my 2005 CDTi tourer and I am pleased to report that with minimum of haggling I have now got a good agreed value policy that suits my needs. My main reason for searching for an agreed value policy was because as my car is in very good condition and I have invested quite a bit to keep her well maintained and looking good, I could not bear the thought of a derisory book price sum should the worst happen and it was written off etc. After filling in the relevant forms and submitting photos and supporting documentation I was offered an agreed value for a mileage of 10,000 a year of a rather stingy £2,500! for what I have been told is a very well preserved car by other club members. I made the choice as recommended by the insurer that If I was not happy I could seek an independent valuation of having my car valued by an experienced motor engineer, this I arranged with gentleman with a string of letter after his name to match the alphabet! who is a member of several industry recognised bodies , I paid the appropriate fee and received a very fair report, which increased my insurers valuation by over a Grand!!. now I feel more secure in the knowledge that should the worst happen I would be able to replace my car with one in similar condition, if not safeguard the investment that I have made in its preservation. I hope that the members who have a good presentable car may find the above information of use in consideration to ensure that your pride and joy is adequately covered. Last edited by Busboy; 5th September 2016 at 20:41.. Reason: spelling mistake

5th September 2016, 20:53	#2
Teflon This is my second home Lagoon 2.0 V6 75 Conn SE Saloon Join Date: Nov 2006 Location: Chertsey Posts: 5,210 Thanks: 2,825 Thanked 2,920 Times in 1,570 Posts	Out of interest, what company did you go with? Cliff __________________ No. 4 of 6

5th September 2016, 21:14	#5
ricardo65 This is my second home mgzt cdti 160.mgzt 1.8t mg6 1.8t Join Date: Apr 2013 Location: keyingham East Yorkshire Posts: 3,112 Thanks: 1,151 Thanked 1,652 Times in 969 Posts	I'm with peter best and have agreed value on my zt no quibble and easily sorted for peace of mind just incase you never know what round the corner and I would hate to be offered a book price settlement __________________ Project rooster http://www.the75andztclub.co.uk/foru...d.php?t=213906

5th September 2016, 21:08	#4
SCP440 I really should get out more....... MG ZT-T 260 Join Date: Feb 2016 Location: Witney Posts: 2,504 Thanks: 6 Thanked 910 Times in 571 Posts	Yes it would be good to know who you used, I was told no company will give an agreed value for any car unless it is over 15 years old or is rare.