A little heads up on your insurance agreed valuation.

[lloydy]

Lloydy, just out of interest, to get your agreed value do you have to store the van inside a garage? All of my (FIVE i think at last count) policies are with Paul and the one for my splitty is set at a max of £12.5k if it is stored on the street or driveway. Only get agreed price above that if it is kept in a locked garage.
Is it the same with T3s?

it's for on my drive, the 17k isnt agreed yet, they need photos from angles that they stipulate. No mention of a limit for it being on drive though, i'll post up what occurs..

[ninja.turtle007]

I left Adrian Flux because they would only value mine for £12k.

[lloydy]

Gynwoods wouldn't go above 12.5k for mine. To be honest I'm more bothered by price than the actual agreed value. The level of cover is the same for both companies
As has been mentioned, you can fight for market value anyway. And if the van ever did get nicked, I would fight for that

[weimarbus]

I had trouble with 'Highway' this last year, we were away in the camper and our house was burgled and my Audi stolen, when renewal came for the camper they would not insure the camper until I had a thatcham imobiliser installed despite the fact that the camper is alarmed, and when the buggy insurance was due they just refused to insure it at all.

[syncropaddy]

'Agreed value' is a relatively new concept in my part of the world but I got the Syncro covered that way as part of my Classic Insurance policy which covers me for four of my vehicles. My daily drivers are on other policies. It took quite a lot of work for them to accept this idea and the figure we finally agreed on - which I am happy with. It does not, however, include loss by fire - that would be another days work! Why? Well with the country in crisis the way it is there has been quite a number of people who can no longer afford the repayments on their Range Rovers and the like ...... so the cars seem to go on fire for some reason!! Anyway, during the discussions to get this type of cover, I was made aware of a few things about insurance companies that you might like to know.
Firstly, when you sign on the dotted line, you authorise your insurer to act on your behalf when you notify them of a claim, and guess what - they do it their way and you have no say in the matter. Insurance companies always say that you must inform your insurance company in the event of an accident but you legally dont have to if you are 100% blameless.
Secondly, insurance companies generally dont give a flying f**k what values 'Clubs' put on their type of vehicles as these values are always over valued. They look upon a value as something someone is prepared to pay at the time and what its worth to them which when you think about it, isnt a whole lot different to the way we look at Syncros. This snippet of information came about when I was asked for a value reference point for my van!
'Agreed Value' policies no doubt give some peace of mind to some people but whilst I have one, Im not fully convinced that Ill get my full value if the time even came.

[KarlT]

Very interesting thread.
I've had three deals with insurance claims over the years (one my fault, two not). Haven't been happy with any outcome. Even the two that weren't my fault ended up costing me money. But that was all on run of the mill cars.

I'm sure Agreed value wouldn't be plain sailing but I'd hope it gives you a bigger stick when addressing the Ombudsman.
Like to hear from people who have had agreed value claims.
And compare that to people who have market value claims.
( Personally, I can't buy this "Glasses guide value". As has been pointed out The T3 isn't in there & neither is a Ferrari 250GT. so is their value £500 aswell? )

Any chance of this thread being move or linked to 'General Chat' as its as relevant to 2wd as 4wd, and we'd get a much better picture?


Elvis..... I've got £16K agreed cover with Norton Insurance for drive-way storage.

[BAYVELLE]

Just giving my knowledge of an 'Agreed Value' Claim.

Back before we had our first T3 we had an early 72 bay which was in a very nice restored condition etc, was agreed value insured for £12k through Adrian Flux. Cant remember who the actual underwriter was?
Anyway May 2008 took it out for a blast around Glastonbury close to where we live and soon smelt a strong petrol smell, pulled over, looked underneath and whoosh it burst into flames. Turns out we had a leaking fuel line and i had to stand and watch it burn!
First week of claim had a call from insurance accessor telling me to send all info + V5 etc into them to help with the claim and get the best price for it???
They tried to offer me £2500 for it total loss! Feckers tried and tried to deny knowledge of the agreed value. Only when i told them i would contact Ombudsman and my Solicitor did they play ball and we ended up getting the full agreed value settlement. Took almost 4 months though!
AFAIK if you have it in writing on your documents etc that the value in case of total loss is agreed at xx amount of pounds then hopefully no problem. BUT make sure any changes you make to the camper or whatever are noted with them, as if it has changed from details and photos you sent then it may give them a loophole??

Also just a note to say i would NEVER EVER use Adrian Flux or any of his merry men again, they simply did not want to know or help in anyway with my claim, i had to deal with the underwriter myself.

[Plasticman]

first alarm bell would have rung when a request was made for the v5 etc
mm

[chuckle-bus-tom]

When my camper was stolen, and then recovered with lots missing from the inside, I was with Trinity Lane via Flux. I did all correspondence through TL directly, found and commisioned all the replacement work myself and agreed to replace the loose objects myself for an insurance re-imbursement down the line. Basically, I told the insurers what was going to happen and other than the asseser that came to view the damage I came up against very little resistance. At the time my agreed value was £3.5k and the total of all works came to £3k.

I too had to fit an immobiliser and tracker in order to get further insurance, but even with an increase to £7k for the agreed value my premium only rose £150. Now, it's less than £250 anyway.

The doka mind, god forbid anything happen to that! Commercial insurance policies are pretty hard to find for old left hand drive syncros, and flux were my only option. Even so, still £900 a year with all my 12years no claims. I don't have an agreed value, but the value I stated is written as the vehicles value.

Renewal time next month, so hoping for a good drop.

[AdrianC]

first alarm bell would have rung when a request was made for the v5 etc

"I'll email you through a scanned copy". If they only want it for the info, that'll be fine. If they're just trying to get it into their paws, it'll flush their true motives out...

[Plasticman]

first alarm bell would have rung when a request was made for the v5 etc

"I'll email you through a scanned copy". If they only want it for the info, that'll be fine. If they're just trying to get it into their paws, it'll flush their true motives out...

agreed
toom many folk seem under the impression that the insurers own their vehicles bayvelle has it aboput right.
look at it another way, insurance... you insure your house,buildings cover, it has a mishap , you dont go rush and get the deeds(assuming its unencumbered) and say hi insurer,here you are ,now I go find me another house for that bit of money you have deemed to give me.
mm

[AdrianC]

look at it another way, insurance... you insure your house,buildings cover, it has a mishap , you dont go rush and get the deeds(assuming its unencumbered) and say hi insurer,here you are ,now I go find me another house for that bit of money you have deemed to give me.

Not quite sure they're comparable situations, though.

If your house burns down to nothing, it's not as if your deeds are valueless in the same way the V5C would be for a burnt-out car. The building plot still has (often very substantial) value. There's no parallel to that for a car. Unless you live somewhere unspeakably pikey, the market value of a house will be way north of the rebuild cost. For that situation to occur with a car, it'd have to be something very, very special and valuable - and, even then, you'd have the Bugatti or Ferrari or whatever club turning their noses up at it as a "replica"...

[Plasticman]

Oh dear adrian. you are right .I am completely wrong , though is it only the bugatti and ferrari clubs that would be aghast or are there others.
were on different planets with this one
mm

[pilgrim55]

I was with groupama through flux when my 2wd got written off last year when it was parked outside my house, flux were a nightmare, absolute chocolate tea-pot (though could have eaten the tea-pot, so probably not fair). Had to fight the valuation given by own insurers, showed similar vehicles, invoices etc still no chance of fair price, flux did bugger all to help, ended up speaking with groupama engineer direct and got it sorted no problems, the words flux and bargepole should apply. Would have remained with groupama but can't insure with them direct.

Now no laughing! Imported a LHD Syncro last year as replacement, insured on VIN whilst getting sorted for MOT and imported, lowish 6k valuation while awaiting modernisation, increased to 10k when substantial amount done and no rise in premium even though there had been a change in engine, fuel system and gearbox refurb, my new insurance broker Vantage through Camping and Caravan Club have insured me with groupama and cost is reasonable.

[MattBW]

The insurance ombudsman are the people with the final call.....RE off roading....is a byway off road? Is a car park at the county show offroad?....you would of needed more than mud tyres to get out of the car park some years!


If you have mud tyres on but crash on Tarmac is that coverered?

If you slide off a hill side and roll...but bolt set of 3 mm deep nankangs on while the vans upside down alls well?

Don't be so sure, recent case of a car caught fire, ombudsman told insurance to pay, they still haven't 2 years later.