Agreed Value Insurance
Discussion
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.
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.
I have agreed vaule on both of my Minis and wouldn't be with out it (in fact I am having trouble with getting the agreed value sorted out on my green Mini at the moment been wating since December!! now I'm scared to use the car incase anything happens without the agreeed value)
Agreed value normally costs a little more as you have to pay for them to agree the value I think I poaid £15 last time so not the earth not sure how much it adds to the cost of the policy other then that.
I wold say its worth looking at as your car isn't exaclty a common sight on the roads and they'll work on book value which as you say could be a insult after all the work done on it
Agreed value normally costs a little more as you have to pay for them to agree the value I think I poaid £15 last time so not the earth not sure how much it adds to the cost of the policy other then that.
I wold say its worth looking at as your car isn't exaclty a common sight on the roads and they'll work on book value which as you say could be a insult after all the work done on it
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.
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.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff