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Insurance for my first 911

portreathbeach

Well-known member
Joined
9 Aug 2015
Messages
105
I am just about to purchase my first 911 (997 C2S) and am getting quotes. I used GoCompare.com and was surprised that there were some that are under £350! Direct line came back with about £330. (I guess there is something good being over 40!).

Anyway, the question is, if my 911 was written off, these companies give you the 'market value' of the car, I think they use Parker's price guide. Is there any specialist insurers that will actually give you what the car is worth.

Any recommendations for Insurance companies.



Thanks in advance
 
Try Classicline, they have a scheme that's great for Porsche owners who value things like agreed value, you choose where the car is repaired, no non-Porsche parts if you don't want them, Euro breakdown cover, legal cover, limited track day cover. Unlikely to be cheapest, but to get that kind of cover from mainstream Insurance would be tricky. There are others too, like ManningUK and Adrian Flux.
 
I tried a lot of various specialized companies for my Insurance, but they all wanted a lot of money. I ended up going with Direct Line, fully comp for me and the misses with protected no claims was only £309!!!
 
Did you get agreed value with Directline?
As per MJA911, I used Classicline,easy to deal with, all the benefits outlined and the agreed value is valid for two years plus way less expensive than Adrian Flux.
 
I phoned DirectLine and explained that if the car was written off, I might not be able top buy one the same for the money they may pay out. They said if it ever came to a write off, I would have to discuss it with the payout dept.

The lady on the phone did say if the car was written off and it wasn't my fault, I would be more likely to get a better payout from the other party as DirectLine would fight on my behalf.

Anyway,I hope it never comes to that
 
Have you tried LV?
 
portreathbeach said:
I phoned DirectLine and explained that if the car was written off, I might not be able top buy one the same for the money they may pay out. They said if it ever came to a write off, I would have to discuss it with the payout dept.

The lady on the phone did say if the car was written off and it wasn't my fault, I would be more likely to get a better payout from the other party as DirectLine would fight on my behalf.

Anyway,I hope it never comes to that

Its a market value payment in a total loss situation. They will enter regn plate and mileage into the CAP Guide and use CAP Retail value - which will be low and unlikely to be sufficient to replace the written off car without you adding more from your pocket. They will argue that they cannot pay full CAP Retail as your car had some pre-collision damage - scratches, dings in the doors, kerbed alloys and anything else they spot on a detailed examination when they collect the crashed car - which they will make you sign.

A total loss judgement is almost certain to be guaranteed if the repair costs are around 50% of the market value of the car. For older cars that threshold can be as low as 40% of market value for repair costs.

Even a slight shunt can cost upwards of £5k - £10k on a Porsche as they will price repairs based on new body panels from Porsche - not repairs and panel beating/filler. You will be strongly directed to have any repairs carried out by their (authorised) bodyshop - that they will have agreed a bare-bones labour and materials rate giving little incentive to spend too much time repairing your car.

When you report an incident, if they mention that the car will be collected by Copart where it will be assessed by an engineer - this is humbug. The car has already been written off by the insurer - Copart is the worlds largest car knackers yard - they have agreed to sell the wreck to Copart. All that remains is for them to settle the total loss value with you - and they will ignore advertised prices for a replacement citing they can only use one reference - CAP Retail.

Even in a no-fault claim (for example rear end shunted by following driver) the payment will not be more as the 3rd party insurers will not pay out more than the market value. They will also want to settle quickly in such instance to minimise their cost of claim - rental car for you, personal injury claim etc.

The only way to avoid arguing and hassle is to pay more with a specialist broker for an agreed value policy. Locktons are very good. They are recommended by Porsche Club GB as well as other prestige owners clubs. Classicline has been mentioned - never used them but I have not heard anything untoward about them.
 

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