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Insurance....
- Thread starter g911omr
- Start date
Another one with Privilege, £203 in March with 5,000 miles pa.
Never used them for a claim but they use the same processes as most of the other mainline insurers (good and bad).
They were much easier to deal with than a specialist who wanted to know whether I had any performance car experience and would not put my wife on the policy (because she had no performance car experience), business use was out and there was an overnight garaging condition which would have meant if I left the car on the drive locked, after dark on returning from a drive out, to go and open the garage and it got stolen it would not be covered (this is quite a common condition on classic policies). Also Privilege have not hoiked their prices up over the last 4 years
Never used them for a claim but they use the same processes as most of the other mainline insurers (good and bad).
They were much easier to deal with than a specialist who wanted to know whether I had any performance car experience and would not put my wife on the policy (because she had no performance car experience), business use was out and there was an overnight garaging condition which would have meant if I left the car on the drive locked, after dark on returning from a drive out, to go and open the garage and it got stolen it would not be covered (this is quite a common condition on classic policies). Also Privilege have not hoiked their prices up over the last 4 years
JM30
Monza
- Joined
- 28 Apr 2013
- Messages
- 195
I'm going to be moving away from my Insurance provider, not impressed with the quote on my daily with them, my question is how do you go about the agreed value? do you leave it to them to give you the value or do you need to provide an appraisal or pictures etc?
Fastlane, that's a good agreed value what did you provide to get that (if you don't mind me asking) i'd like to be close to that if that was possible i wanted at least £20k value
Thanks
Fastlane, that's a good agreed value what did you provide to get that (if you don't mind me asking) i'd like to be close to that if that was possible i wanted at least £20k value
Thanks
JM30 said:
Regarding agreed value, you just provide them with the value and they ask for 6 photos to be emailed: front, both sides, interior and engine bay. You usually have to pay £20 or so, but this is only needed every 2 years if you stay with the same insurer. You also need to fill in a mileage form saying what the current mileage is.
I put mine at £22k last April, and come renewal this year increased it to £25k. They were quite happy with that. If I had said £50k they may have refused I suppose!
cheshire911
Portimao
- Joined
- 10 Jun 2012
- Messages
- 4,030
Process for agreed valuation can vary between Insurance providers. In the 6 years I have had the Turbo on agreed valuation I have had to have an independent valuation carried out by a specialist submitted to the Insurance - they do not accept my valuation. The specialist wants the service book, the MOT last two certificates as proof of mileage and 6 photos including one of the interior and one of the engine bay. I do know that the insurer can also ring the specialist to discuss the valuation submitted.
Valuation is valid for two years but can be updated as many times in that period as required. In a fast rising market, it is key to update the valuation periodically so as not to be left behind in the event of a total loss.
I'm sure that you will be aware, but an Insurance valuation is not aimed at what the car will sell at. Rather it is based on how much you'd need to spend to buy an equivalent car or close to it in the event of a total loss to put you back to where you were prior to the loss.
Valuation is valid for two years but can be updated as many times in that period as required. In a fast rising market, it is key to update the valuation periodically so as not to be left behind in the event of a total loss.
I'm sure that you will be aware, but an Insurance valuation is not aimed at what the car will sell at. Rather it is based on how much you'd need to spend to buy an equivalent car or close to it in the event of a total loss to put you back to where you were prior to the loss.
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