Ferrari Insurance

[_Superleggera_]

PGN6 said:

Sorry if this has been covered and I've missed it. Currently with admiral on a multi car policy - have a 360 which I'm told I should agree a value around 75k for. I don't have a tracker at the moment. I was under the impression that they would - if the worst happened- pay out with reference to the market I.e a similar car (obviously not many to compare I understand that), versus a set agreed figure. Is there a significant difference - does anyone have any real experience? Obviously set value insurance is c 4x so want to make sure it reflects the reduced risk

Thanks

Unfortunately you are put through the same nonsense that a Ford Mondeo owner has to deal with in the event of a write off. It took 2 months to get an agreed price on a 430 that was written off. That was after 6 different offers and an escalation to a senior team. The inital offer was 30K lower than the finally accepted one.