Insuring the value gap

Richard Batty · 17th May 2020, 17:16

Does any member have any experience of an insurance to cover the gap between true value and the so called market value of our cars? I have been driving for nearly 50 years, never had an accident claim and fear that if someone hits me whilst I am in the 75 I will lose out. I am not seeking stupid valuations on the car, but expect in show condition and low miles it is worth more than the average valuation. Realistically about £2500. As it is only 15 years old I cannot get classic car insurance as yet. It is a hobby car, and covers under 1k miles a year, but 'modern classic' insurance seemed to fare no better than LV, who presently insures it. Any suggestions?

macafee2 · 17th May 2020, 17:39

you can get and agreed valuation insurance for the car. I think there is a cost but your insurance should be able to guide you

macafee2

17th May 2020, 17:16	#1
Richard Batty Regular poster Rover 75 Saloon Connie SE, Jaguar XJ6, Mini cooper Countryman (2020 Daily driver) Join Date: Mar 2016 Location: Ramsey Cambridgeshire Posts: 37 Thanks: 31 Thanked 7 Times in 5 Posts	Insuring the value gap Does any member have any experience of an insurance to cover the gap between true value and the so called market value of our cars? I have been driving for nearly 50 years, never had an accident claim and fear that if someone hits me whilst I am in the 75 I will lose out. I am not seeking stupid valuations on the car, but expect in show condition and low miles it is worth more than the average valuation. Realistically about £2500. As it is only 15 years old I cannot get classic car insurance as yet. It is a hobby car, and covers under 1k miles a year, but 'modern classic' insurance seemed to fare no better than LV, who presently insures it. Any suggestions?

17th May 2020, 17:39	#2
macafee2 This is my second home Rover 75 Saloon & Tourer Join Date: Sep 2012 Location: Lincoln Posts: 14,929 Thanks: 1,630 Thanked 3,032 Times in 2,181 Posts	you can get and agreed valuation insurance for the car. I think there is a cost but your insurance should be able to guide you macafee2