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diamondblack

Getting an agreed valuation

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Not sure if this has been covered before, but inspired by Atif's recent post on an insurance company 'write off' offer - I've just renewed my insurance and I asked if they would do an agreed valuation. They were happy to do this and said it would cost £28 per year through Lancaster. With my new standard insurance schedule I was sent an agreed valuation form - just give a simple description of the car and send a minimum of four photos.

 

hhtp://.lancaster-ins.co.uk/agreed_valu ... ic_car.htm

 

By the way, my Corrado is not on a classic car policy, so you can get agreed valuations on non-classic cars.

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Moved.

 

Very good thing to do if your car is in better condition than most other 10-15 yr old cars!

 

What sort of value do you manage to get them to agree to diamondblack ? I've not heard of 'Lancaster' insurance Co before. :?

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Lancaster specialise in agreed valuations. I've had classic cars in the past and had agreed valuations through them. I think you can add a Lancaster agreed valuation to almost any insurance policy as long as your main insurer agrees.

 

The agreed valuation certificate is especially worth the cost of £28 a year if you manage to pick up a good condition car cheaper than it should be. A friend of mine got a car at well under book price for £2k and then insured it for £5k with an A.V certificate. Two years later it got hit and written off and he was paid out the full five.

 

Also, the agreed valuation certificate lasts for three years, which means it doesn't go down as the car depreciates. Which seems like a spectacular own goal by the insurance companies - and, in fact, it is - but I can't imagine there'll be many tears for their loss.

 

I haven't submitted mine yet but I'll let you know how it goes.

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H.I.C. have offered me an agreed value at renewal this year. Gonna cost me £15 for the year. My car is not on a classic policy either.

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