snailracer Posted October 6, 2015 Share Posted October 6, 2015 Its that time of year again and I'm concerned that my agreed valuation isn't high enough. Whats the best way to go about working it out and then proving it to an insurance company? Is it just a case of trawling for sale adverts and getting an average figure? I know there are valuation companies but I'd rather not spend any money.... Cheers Matt Quote Link to comment Share on other sites More sharing options...
mad_pete Posted October 6, 2015 Share Posted October 6, 2015 I'd just ask the company for a higher value citing why you think it's worth that and see what they say. Quote Link to comment Share on other sites More sharing options...
L19MUD Posted October 6, 2015 Share Posted October 6, 2015 plus one I am insured with Admiral as I have a multicar policy. This now extends to classic cars as well. They just asked for 8 photos and my opinion of what it is worth. 3 days later I have a certificate agreeing the valuation for 2 years Quote Link to comment Share on other sites More sharing options...
Snagger Posted October 7, 2015 Share Posted October 7, 2015 The agreed value will increase your premium proportionately. As long as your valuation isn't ridiculous, they won't care - they are getting their money. As above, they usually ask for 8 photos - one of each side, one front and rear, one of the engine bay, and of the interior. Many have limited mileage, with additional premiums for increasing the mileage limit. Quote Link to comment Share on other sites More sharing options...
missingsid Posted October 10, 2015 Share Posted October 10, 2015 I spoke to my insurance about raising th evalue for my vehicle. I was asked why the change and I replied that it was market value (Series 1), next thing I know i revive the agreed value form asking for pics and if not proviided the car will be at market value. Called them and asked why agreed value? I had already said it was market value driven. Quote Link to comment Share on other sites More sharing options...
BSF Posted November 4, 2015 Share Posted November 4, 2015 I have three vehicles on the same policy (only one a Land Rover) and all historic vehicles. I phoned them up and just kept increasing the values (very co-operative guy on the other end) until the premium started to go up a lot and then reduced them a bit. The real question is how do you personally value the vehicle? If it is a second (in my case 5th) vehicle, then you can probably get by without a replacement for a while, so enough money to buy the next project should be enough. My motto is that you don't need to insure something that you can either do without, or afford to replace, so save yourself a lot of annual outgoings. You need road legal insurance, of course. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.