Insurance value

[Blink]

Originally Posted by Gate Keeper

The condition is verified via the 7 photos and a copy of the MOT. I have the valuation agreed in writing in the event of a Cat C write off. Lets face it, £3000 isn't much. I could argue for a higher amount and maybe I will. I know to get a much higher valuation say 30K, the car would need to be assessed and a report done. I imagine the premiums for 30K would be high.

Have you thought about upgrading the immobiliser, installing a tracker and dash cameras? I gather the insurance companies give a discount for doing so.

When you have made your decision, please let us know the outcome. Another thing you can do, if I may suggest, is to check the customer reviews per insurance company on trustpilot reviews.

https://uk.trustpilot.com/review/pet...nsurance.co.uk

https://uk.trustpilot.com/review/aplan.co.uk

Thanks for the info.

Yes, I have thought about an immobilizer, tracker and dash cam but it's too expensive for me at the moment after buying all these parts. How ironic!

Originally Posted by clf

With 'regular'car insurance, the declared value is irrelevant (probably unless you value lower than an actual replacement value). In the event of a write off, they will pay out market value. Market value for our cars at the minute will be a similar condition car up for sale. Dealer prices and trade prices wont enter into it.

If you want an agreed value, you will have to pay a little more for it.

There are 54 75s on AutoTrader at the moment - 42 of them are trade. Lowest private one is £450, highest is £2,750. I'll bet the £2,750 one hasn't got a complete rear end refurb (and it's done a higher mileage than mine). Highest trade one is £5,000 - 40,000 miles on the clock (still higher than mine) and I bet it hasn't got a rear end refurb either.

The cost of the premium on an agreed value basis is the deciding factor.

Originally Posted by Mike Trident

Whatever you say it's worth won't matter with a normal policy.
Agreed value insurance is too restrictive for my liking. I want to drive my car not look at it.

You just have to hope you never have to claim.
This is the main reason cars get written off, it's a big risk. Even fitting 4 new tires could be more than its worth in a write off situation.

By write off, do you mean if they value it at (say) £200, and it needs £250 in parts after a prang? In other words, the slightest damage will write it off - e.g. a cracked bumper. In this case, I'd just have to take the £200 (less excess) and pay for the rest myself. Or, not bother claiming in the first place.