Agreed Value Insurance

[NiceCupOfTea]

I'm considering getting my Saab 900 T16S insured on an agreed value policy this year as I have spent an awful lot of money on it over the last couple of years, and if it were to get written off a cheque for £200 would not go very far.

What are the pitfalls / advantages / disadvantages?

If I were to sell it now I would probably want somewhere in the region of £2-3k. I recently spent £1500 for paint and bodywork, more on refurbished wheels, etc.

The car is mostly garaged and covers 3-4k miles a year. It is mildly modified. I am self employed and I would prefer business cover if possible.

Do I need to get some kind of inspection/report? Official, or can it just be from my Indy garage? I mostly use brokers for insurance - is there anybody I need to approach regarding agreed value, or will brokers seek out appropriate companies?

Lastly, is it likely to be more expensive than normal insurance?

Thanks in advance.

[NiceCupOfTea]

Useful stuff guys. Irritatingly I don't have receipts for all the work as some was done by a friend of a friend, but it doesn't stop the car being in better nick than a rusty example.

It's not perfect, but there aren't many about now and as it is the ideal spec, pretty rare (black/black leather, full turbo, a/c, etc.)...

Mods are all undoable (suspension, wheels, spoiler, boost mods).

I will ask my broker to look into it for me.