Insurance agreed valuation.

[Cokes]

Now my restoration is near completion, I've started to wonder what to insure it for.
I've not added up what it's all cost me yet but there's a good chance it's more than market value for a 1993 430.

So I'm asking everyone's opinion on who they insure with and what would you value a full top to bottom restored Chimaera ?

Cheers
Cokes

[Cokes]

WOW, thank you all

I haven't contacted any companies yet and so I don't have a preferred one but I did have a figure of £20,000 to £25,000 in my mind. From what some of you have said it might be a bit of a stretch.

I understand this isn't a reflection on market value but on what I think I can do it all again for. So it's worth a try I guess.

[Cokes]

Classic line.
Footman James.
Manning.

Any more recommended companies I should call ?

[Cokes]

Quick update I've been meaning to add to this post.
Footman James have given me an agreed valuation of £25,000 for my car.
After submitting the form no pictures or receipts were asked for and no further questions asked.
Possibly should have asked more

[Cokes]

Mellow Yellow said:

RHClassic (https://www.rhspecialistinsurance.co.uk/classic-car-insurance) are well worth a look if it's over 20 years old and garaged. They do something called Cherished Salvage which means that if they write-off the car they give your the agreed value AND the salvage - particularly nice for TVRs where a lot of insurers will write them off for fairly trivial bodywork damage. Also includes full UK & European recovery.

I have the same deal with Footman James in the case of a write off for £10 a year on my policy.
As much as I never want it to happen, the thought of it has a good feeling knowing that no matter what happens I will always be the one to decide what's best for my car.

[Cokes]

JWzed said:

Also used Footman James for the same deal. Valued mine at £15k after full refurb. Think I will up it next time around.

Looking at your profile it looks like you've done the exact same restoration as I have so I don't think you will have any issues getting 25k agreed as I did.

I think we all under value our cars. Not long ago I remember someone (not sure who) was selling a Chimaera for 30k and was ripped apart at the thought of it.
Why not let these things play out ?
If that sells for 30k, why not more at that price ?

I know what time and money I spent on my car last year bringing her back to A1 condition and I really don't think I'd sell her for less than 30k.

Just my view and opinion.