993 Increased Values and Insurance
Discussion
Hi All,
A question. I bought my latest 911, a black on black manual 993 C2S, approx 2 years ago, for £37k. Obviously it's value has gone up considerably since then.
The insured value remains at the £37k that I originally paid. I phoned my insurer, Admiral, and explained the position with the car's value to ask if I needed to increase it, and that I was happy to pay a higher premium to ensure that I was covered in the worst eventuality (I'd never want another type of 911 and would just have to buy another one!) but they didn't seem interested and explained that if the car was written off I 'would be paid market value'.
In fairness to the same insurer, when my previous 993 was written off (a flood!) they paid a very decent price but I'm just concerned here because the car is worth at least £24k more than purchase price now.
I will move to an agreed value scheme if I can find one (age of the car may still be slightly too high depending on schemes out there) when it is renewal time but I'd like to know if anyone out there is in a similar position and whether I should be more proactive in this situation.
Jules
A question. I bought my latest 911, a black on black manual 993 C2S, approx 2 years ago, for £37k. Obviously it's value has gone up considerably since then.
The insured value remains at the £37k that I originally paid. I phoned my insurer, Admiral, and explained the position with the car's value to ask if I needed to increase it, and that I was happy to pay a higher premium to ensure that I was covered in the worst eventuality (I'd never want another type of 911 and would just have to buy another one!) but they didn't seem interested and explained that if the car was written off I 'would be paid market value'.
In fairness to the same insurer, when my previous 993 was written off (a flood!) they paid a very decent price but I'm just concerned here because the car is worth at least £24k more than purchase price now.
I will move to an agreed value scheme if I can find one (age of the car may still be slightly too high depending on schemes out there) when it is renewal time but I'd like to know if anyone out there is in a similar position and whether I should be more proactive in this situation.
Jules
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