V12 Vantage Manual - Insurace
Discussion
Perhaps an interest for those with V12 Manuals like me.
I called Admiral this morning to talk about a quote I obtained for insurance for green steel. I went through a quote process online so much of it was painless, but note that I increased the value of the vehicle from the default suggested £75K, up to around £140K. Why you might ask? Well - I figured that given you can't place new factory orders for these, in the unlikely event that something might happen, I'd like a reasonable payout (yes I know £140k is more than I need to buy another used V12V but because the spec I have, replacing it like for like will be almost impossible).
Interestingly, I asked what the criteria was for payout and the lady said "we use Glass guide to give you market value". So I asked "if that's the case, what's the point of me providing a valuation for the vehicle?". The response? Radio silence whilst I could hear the cogs in her head whirring around.
In short, after a bit of looking, I've realised it's very hard to find an insurance provider that will pay out what you indicate the value of the car actually is - and new for old just isn't an option on anything over 12 months old. Which got me thinking, if anything did ever happen to green steel, I'd probably end up getting a payout that would buy a 'standard spec' V12 Vantage (I mean the usual black,silver,grey with standard seats etc), as the valuations are based on no more than mileage, age and similar condition. I'd want one in a specific colour and spec and given the likelihood of finding one on the used market would be slim, a factory order for a V12S would be the way I'd have to go.
Two questions:
1) Does anyone have or know of a provider that's more reasonable with this kind of scenario - i.e. - not getting the worst payout just because of some s*%$ valuation in Glass guide
2) Is there a supplementary insurance one could take out that would cover the delta between what the insurance company pays out - and what I indicate the car is valued at (to me). Think similar to GAP insurance provided by finance companies - but without the need to clear finance
I know it's a strange situation - but I'm going through my early thirties 'safety conscious' phase.
Cheers
Chris
I called Admiral this morning to talk about a quote I obtained for insurance for green steel. I went through a quote process online so much of it was painless, but note that I increased the value of the vehicle from the default suggested £75K, up to around £140K. Why you might ask? Well - I figured that given you can't place new factory orders for these, in the unlikely event that something might happen, I'd like a reasonable payout (yes I know £140k is more than I need to buy another used V12V but because the spec I have, replacing it like for like will be almost impossible).
Interestingly, I asked what the criteria was for payout and the lady said "we use Glass guide to give you market value". So I asked "if that's the case, what's the point of me providing a valuation for the vehicle?". The response? Radio silence whilst I could hear the cogs in her head whirring around.
In short, after a bit of looking, I've realised it's very hard to find an insurance provider that will pay out what you indicate the value of the car actually is - and new for old just isn't an option on anything over 12 months old. Which got me thinking, if anything did ever happen to green steel, I'd probably end up getting a payout that would buy a 'standard spec' V12 Vantage (I mean the usual black,silver,grey with standard seats etc), as the valuations are based on no more than mileage, age and similar condition. I'd want one in a specific colour and spec and given the likelihood of finding one on the used market would be slim, a factory order for a V12S would be the way I'd have to go.
Two questions:
1) Does anyone have or know of a provider that's more reasonable with this kind of scenario - i.e. - not getting the worst payout just because of some s*%$ valuation in Glass guide
2) Is there a supplementary insurance one could take out that would cover the delta between what the insurance company pays out - and what I indicate the car is valued at (to me). Think similar to GAP insurance provided by finance companies - but without the need to clear finance
I know it's a strange situation - but I'm going through my early thirties 'safety conscious' phase.
Cheers
Chris
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