Agreed Value! (Insurance)

[RS2000EXPRESS]

As I was concerned about my car being underinsured at £6000, I thought next time I would ask AON to up the value to nearer to what it was worth. So on renewing my insurance last year I was shocked to find out that in the event of a total loss claim on my car, I would only receive market value (£4750) and not the £6000 I had mentioned it was previously worth.

I am told the only answer is to get an agreed value by the RSOC Registrar, but I am not a member of the RSOC and have no intention of joining at present. Yet to get an agreed value, I have to join the RSOC, then chase up the Registrar wherever he is and hound him into valuing my car, when maybe he has got others to value or something else to do!

How many of us then are driving around with under valued cars due to the difficult procedure of getting their insurance companies to accept the true value of their cars? Surely the insurance companies can come up with something better than this, where there is an easier way to get an agreed valuation without the expense of joining the RSOC and chasing around the country to find the guy to do it!

Tim.

[jimmer]

Why don't you just pay for agreed value insurance?

[RS2000EXPRESS]

Why don't you just pay for agreed value insurance?

Because I've got to join the RSOC and get one of their guys to do it, wherever he is!

[Dave1800BDA]

Because I've got to join the RSOC and get one of their guys to do it, wherever he is!

the registrar has resigned, there is an advert for the position of registrar in rn mag, position to be filled in the near future,
you have pm

[Aled]

the registrar has resigned, there is an advert for the position of registrar in rn mag, position to be filled in the near future,
you have pm

Tim

You would make an excellent registrar. You know the cars inside out and are very helpful.

Get that form filled out

[jimmer]

Because I've got to join the RSOC and get one of their guys to do it, wherever he is!

I insured my car on agreed value 3000 miles just had to provide lots of photographs.

[wayne]

I used to insure my RS through Footman James. They accepted a valuation from a specialist and did not insist on any club membership. Ian Harwood valued mine a couple of times and the local RS dealer Quicks in Chester also did it. Eventually they accepted self valuation when the car was over a certain age.

[RS2000EXPRESS]

I insured my car on agreed value 3000 miles just had to provide lots of photographs.

Was that with Adrian Flux by any chance? They were not competitive on my modern car but mentioned they have a team to study photographs for the RS.

I used to insure my RS through Footman James. They accepted a valuation from a specialist and did not insist on any club membership. Ian Harwood valued mine a couple of times and the local RS dealer Quicks in Chester also did it. Eventually they accepted self valuation when the car was over a certain age.

Sounds like Footman James are more helpful than some others then,...... but there should be more out there to help because when mods are considered the choice is reduced!

[topaz]

change your insurance company if you dont like their rules

[RS2000EXPRESS]

change your insurance company if you dont like their rules

I will!

[topaz]

mine do self cert valuation for classics, but you have to pay £15

club valuations are free

www.classiclineinsurance.co.uk

[RS2000EXPRESS]

Tim

You would make an excellent registrar. You know the cars inside out and are very helpful.

Get that form filled out

A nice compliment Aled, I would like to help but there's a lot of cars out there which require a fair amount of time which regretfully I don't have! I'm into standard factory spec cars, and there is a vast knowledge of the modified cars required to price them accurately too!

[RS2000EXPRESS]

mine do self cert valuation for classics, but you have to pay £15

club valuations are free

www.classiclineinsurance.co.uk

Are the premiums still competitive then?

[rs new boy]

im with aon just fill out the agreed value form theres no need for a valuation they just take your word for it

[RS2000EXPRESS]

im with aon just fill out the agreed value form theres no need for a valuation they just take your word for it

That's not what she said to me earlier on in the year!