Classic insurance and valuation for 964

[Pesty]

Hi,

My cobalt 964 is up for renewal. They also want a valuation as they have insured it for over 6 years at the same value.

Can anybody recommend somewhere for classic policy 2k miles a year ( actually about 300 but I want to use it more this year) to gets quotes

And what should I say is current value for 1992 cobalt c4

Thanks in advance

[supersport]

There are loads of classic insurers, Locktons (if you are a PCGB member they offer a good deal), Hagerty were great for me as were Classic line.

I would have thought the value was around the £26K mark, check out Impactbumpers.com for a valuation or talk to your Indie, Locktons accepted a valuation from mine for me.

[boxsey]

Pesty said:

Hi,

My cobalt 964 is up for renewal. They also want a valuation as they have insured it for over 6 years at the same value.

Can anybody recommend somewhere for classic policy 2k miles a year ( actually about 300 but I want to use it more this year) to gets quotes

And what should I say is current value for 1992 cobalt c4

Thanks in advance

A nice C4 went up for sale last week in the PH classifieds. Asking price was £45K and I believe it is now sold. Yours is certainly as good as that one.

[Pesty]

Anybody wanna buy a 964

Currently insured for 17.

I'll try loctons thanks

[g7jhp]

boxsey said:

A nice C4 went up for sale last week in the PH classifieds. Asking price was £45K and I believe it is now sold. Yours is certainly as good as that one.

£45k was last weeks price, they must be worth £54k by now!

[Sifly]

I can recommend Classic line insurance.

They have a standard 1500 mile policy, you can increase the limit with a phone call if you need it and they are also happy to give you an agreed value certificate subject to a suitable valuation by a specialist. They will even cover most recognised track days and can arrange a multi-car policy if you have 2!

[Pesty]

Sifly said:

I can recommend Classic line insurance.

They have a standard 1500 mile policy, you can increase the limit with a phone call if you need it and they are also happy to give you an agreed value certificate subject to a suitable valuation by a specialist. They will even cover most recognised track days and can arrange a multi-car policy if you have 2!

Excellent thank you.

[cptsplash]

I just had mine independently valued at £39.5k, so I would get yours done soon..

[Pesty]

Wait I know they went up some I saw were around 20k last time I looked but 40k

I've had this car ten years and can't think of anything I could replace it with but 40k

They can't surely be selling for that can they.

I contacted impact bumpers and they are giving me a quote when I supply some pics.

[dugsud]

You do realise that if your car is significantly under-insured and gets nicked you could get nothing!! Insurance companies don't need much excuse....

Sounds like you've been under-insured for a while

[g7jhp]

dugsud said:

You do realise that if your car is significantly under-insured and gets nicked you could get nothing!! Insurance companies don't need much excuse....

Sounds like you've been under-insured for a while

Why would you get nothing?

Surely they would pay out at the limit your 964 is insured at. If that's £17k, you'd get £17k - you just wouldn't be able to buy another 964.

[dugsud]

g7jhp said:

dugsud said:

You do realise that if your car is significantly under-insured and gets nicked you could get nothing!! Insurance companies don't need much excuse....

Sounds like you've been under-insured for a while

Why would you get nothing?

Surely they would pay out at the limit your 964 is insured at. If that's £17k, you'd get £17k - you just wouldn't be able to buy another 964.

The way I understand this is that, for example a classic worth £45k is probably much more likely to get stolen than a £15k one however the insurance company are being misinformed of this higher risk by the vehicle being under-insured. This means if it is stolen they have a get-out clause.

That's the way it was explained to me by a certain CC insurance broker.

[Haves1979]

I asked the same question about 12 months ago on rennlist;

http://rennlist.com/forums/964-forum/799882-insura...

Ended up using John Glynn from impact bumpers, who valued my c4 manual coupe with 90k at £25k.

[Pesty]

Haves1979 said:

I asked the same question about 12 months ago on rennlist;

http://rennlist.com/forums/964-forum/799882-insura...

Ended up using John Glynn from impact bumpers, who valued my c4 manual coupe with 90k at £25k.

Thanks yes that's who I emailed through an impact bumper link.

[Steve Devaney]

I was charged an extra £40 or £50 this year to agree the cover for my C2 manual Targa at £25k. My specialist tells me that this is not enough to replace the car like for like and valued it at £30k.

I have sent the valuation through to my insurers so we will see if they ask for anymore premium given the extra £5k that I guess I am asking to be covered.

Funny that the car was valued by the same specialist in 2013 at £16k.

[Pesty]

Steve Devaney said:

I was charged an extra £40 or £50 this year to agree the cover for my C2 manual Targa at £25k. My specialist tells me that this is not enough to replace the car like for like and valued it at £30k.

I have sent the valuation through to my insurers so we will see if they ask for anymore premium given the extra £5k that I guess I am asking to be covered.

Funny that the car was valued by the same specialist in 2013 at £16k.

How much is it costing overall


Mine was £440 for agreed 17k

[David930]

If your car is a second car then I would strongly recommend trying Admiral on their multicar policy. My 1989 930 is insured with them for an agreed value of £45k, for which I pay less than £200 per annum.
I had to take a number of photographs of the car including interior shots and engine and luggage compartment too before they agreed to the valuation.

[Steve Devaney]

Pesty said:

Steve Devaney said:

I was charged an extra £40 or £50 this year to agree the cover for my C2 manual Targa at £25k. My specialist tells me that this is not enough to replace the car like for like and valued it at £30k.

I have sent the valuation through to my insurers so we will see if they ask for anymore premium given the extra £5k that I guess I am asking to be covered.

Funny that the car was valued by the same specialist in 2013 at £16k.

How much is it costing overall


Mine was £440 for agreed 17k

Reply............

The premium this year is at £310 for 3000 miles per annum. Car is garaged.

Equity Red Star through the broker RH.

[Pesty]

Thank you. Thought it was a bit high.

[ray stobbs]

classic line been with them five years now easy to talk to no there stuff valuation of 25k for 250pounds 3000 miles lock garage aged 60