Thread: Insurance value
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Old 15th September 2019, 15:45   #3
SCP440
I really should get out more.......
 
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My broker struggled to get a company to put my car on a classic car policy with agreed value or more precisely a company that would pay out if the worse did happen.

There are brokers that will take it on but many of them will start back pedalling apparently if they do need to pay out. If they don't ask for photos and a valuation from the club or other professional party you are unlikely to get the value you think you will.

My broker reckons keep all adverts of cars as good as yours that are for sale and you can use that as proof of its value.

As soon as our cars are over 20 years old it is a lot easier but you will have to watch your mileage, I know with my Jensen that is obviously on an agreed value policy I have been close to my annual limit a couple of times when I have used it for holidays and a foreign trip all in the same year. Most have a 5k limit but I have seen some with a limit as low as 3k, that is under 60 miles a week.
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