fully comp insurance for classics

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this tends to pop up from time to time so thought i'd give you a heads up.

i put a quote request in last year to gulf classics but never heard back and eventually had no option but to go 3rd party on the elise.

anyway, GC contacted me this week as they have now got 99% of the way to solving the problem of providing FC cover for classic cars. their product will be offered via a UAE insurance company, reinsured via a US firm [clements] and underwritten by Lloyds. bit convoluted, but i guess it has to be.

anyway, sounds promising and means your car will be appraised and insured for an agreed value. they're going through a testing phase at the moment to see how robust these appraisals will be and how the valuation will be performed [i.e. is it UAE value or an average of UK/US/UAE values, how to get a quote if you don't already own the car, etc.]. following that the scheme will go live.

my current insurance isn't due for renewal until november but i'm going through the appraisal/quote process anyway. i'll let you know how i get on. i have no interest in the business other than as a potential customer.

if you need any more info. the guy i've been emailing is called Bob Bhowmik: [e-mail]

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i spoke to the contact at AIG. they were helpful but require either car or your total insured assets with them to be over 300k. whilst my record collection is indeed awesome, i don't think it's worth that much

jules. on another forum jase was saying that because all insurance companies here see depreciation as linear and a one way street, his 1994 caterham is valued at a whopping twelve dirhams.

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just email bob for details, address at the end of my OP.

if you can do it via AIG that would be the better option. i have only heard good things about their service and claims procedure. i don't have the guy's contact details though, del or luke may be able to provide that.