Cayman R - insurance - agreed value

[celticstevie]

Hi - my insurance is up at end of August currently in a multicar deal but shopping around. My mates got Ferrari and has the car on an agreed value policy. He bought it for 46k in 2014 and was advised to get it on agreed value given the prices now

Anybody got the cayman on an agreed value ? - mines has 31k miles on the clock and doing 2/3k pa. I'm thinking we would need £45k to replace like for like given what I can see for sale?

Ive never had a claim so just checking the logic here

[SV_WDC]

Check out the massive thread on insurance in this sub-forum. Lots on agreed value. PCGB has insurance with Locktons & it is possible to get a free valuation done through the club, which Locktons accept

[SimonOcean]

IMO agreed value not always worth it: you sometimes pay a huge additional premium just in order to insure a relatively small difference between market value and agreed value. Make sure you do your comparisons before buying. I had it on my McLaren, but not any of my Porsche just because of how the numbers worked out.

[nxi20]

SimonOcean said:

IMO agreed value not always worth it: you sometimes pay a huge additional premium just in order to insure a relatively small difference between market value and agreed value. Make sure you do your comparisons before buying. I had it on my McLaren, but not any of my Porsche just because of how the numbers worked out.

I have 3 of my cars insured with Classicline & all of them are now on agreed value - all were initially insured without the value agreed & subsequently added. It didn't cost me a bean extra over the cost of the policy. Very easy to deal with; hopefully I'll never need to test the cover!

[smudger911]

Have tried out the PCGB agreed value service - they must think it is still 2005 with the valuation numbers. Jokers.

If you want a professional valuation, try John Glynn

https://www.porschevaluations.com/