Insurance valuations

Insurance valuations

Author
Discussion

mike v

Original Poster:

47 posts

142 months

Monday 8th June 2015
quotequote all
Hi all
I have just renewed my insurance for my 911 ssc I was told that they have a valuation of £ 17000 on the car and if I want to increase it his my premium may increase , I have read an article that said a owners valuation is not taken into account when a claim is made, has anybody had any similar experiences or advice? I don't want to pay more but I know what insurance companies are like
Thanks

mike v

Original Poster:

47 posts

142 months

Monday 8th June 2015
quotequote all
Cheers longman, i was going to get an agreed valuation but if I needed to claim would the insurance company just look at current valuations and just payout that amount. Prices are changing so quickly how long before it would be out of date? Just want to make sure I am covered in all events

mike v

Original Poster:

47 posts

142 months

Monday 8th June 2015
quotequote all
They said that I would be able to change my policy at any time if I needed to, cheers I will look into it asap

mike v

Original Poster:

47 posts

142 months

Monday 8th June 2015
quotequote all
How much did you increase it by? Cheers

mike v

Original Poster:

47 posts

142 months

Monday 8th June 2015
quotequote all
Cheers Adam will have to bite the bullet, don't want to lose out if something goes wrong