Agreed value insurance

[Lexus Al]

I am purchasing a 2007 SC430 on Monday. I am paying £11750.00 When i put it through We Buy any car they value it at £7750.00 which is the value i assume an insurance company would pay out if the vehicle was stolen or a write off. Do you have any recommendations for insurance companies which provide a guaranteed value?

[Mossypossy]

Chris Knott

I have mine on a classic policy thru them with Aegis. 5000 mile plus guaranteed value.

2008 SC430

[Peter1244]

12 minutes ago, Lexus Al said:

I am purchasing a 2007 SC430 on Monday. I am paying £11750.00 When i put it through We Buy any car they value it at £7750.00 which is the value i assume an insurance company would pay out if the vehicle was stolen or a write off. Do you have any recommendations for insurance companies which provide a guaranteed value?

Yes, my SC430 is insured with Footman James on a guaranteed value classic car insurance policy with stipulated annual mileage. Give them a try.

[steve2006]

Just remembered it’s Saturday, Dan’s not in the office today 😀

[Lexus Al]

All sorted thank you 

 

[Bob King]

1 hour ago, Lexus Al said:

All sorted thank you 

 

Can I ask who did you go with ?

[Lexus Al]

I went with LV because the specialist brokers (suggested by members) were closed over the weekend and I needed to have insurance today. So I didn’t get the guaranteed value option. Fingers crossed I won’t need it!

[DAN@ADRIAN FLUX]

Hi.

Please feel free to give us a try for insurance if you haven't done so already.

We can offer an agreed value on pretty much any car as long as it's over 12 months old.

Regards,

Dan. 

[Lexus Al]

 

Hi Dan

i did call AF and your colleague quoted me £1145.00 quote ref 124/1500347/A024/CL and the guaranteed value portion was £52

I explained that I had a quote off LV for £450 so he was over twice the price of the competition. He said he would get a second opinion and call me back, he never did.

[Bob King]

Sadly AF was sky high when I had a quote back last August ☹️

I went multi car with LV.

[DAN@ADRIAN FLUX]

10 hours ago, Lexus Al said:

 

Hi Dan

i did call AF and your colleague quoted me £1145.00 quote ref 124/1500347/A024/CL and the guaranteed value portion was £52

I explained that I had a quote off LV for £450 so he was over twice the price of the competition. He said he would get a second opinion and call me back, he never did.

Sorry to hear Alan, 

It may of been a case that they weren't able to find any markets more competitive than LV on this occasion. 

As always though, keep us in mind for next year. 

Take care 

Dan 

[Glyn Jennings]

I would have liked to have gone with Hagerty but they will only insure a car when it is kept of the public highway. I have been with LV a couple of years now on a multi car policy and the SC is around £300. Renewal is in May so I am not looking forward to how much it is bound to go up  bearing in mind the recent hikes. I often wonder how guaranteed insurance works as I know with Hagerty you can say a car is worth up to £19,500 without obtaining a separate valuation.  Whats to stop someone over inflating their cars value and getter a bigger payout at their expense?

[Mossypossy]

I had to send 6 photos to get my agreed value. If I asked for £20k agreed they may have questioned it.