|
850 / S70 & V70 '96-'99 / C70 '97-'05 General Forum for the 850 and P80-platform 70-series models |
Information |
|
Agreed Value insuranceViews : 2565 Replies : 20Users Viewing This Thread : |
|
Thread Tools | Display Modes |
|
Oct 20th, 2021, 12:33 | #1 |
Grumpy Old Git
Last Online: Apr 19th, 2024 09:16
Join Date: Dec 2004
Location: South Yorkshire
|
Agreed Value insurance
My current car insurance policy is on market value terms - as the value of 850Rs seems to be rocketing, I'd like to put it on an agreed value policy as it would be impossible to get another low mileage Jap import 850R for under £10k at the moment, and I don't want the hassle of trying to convince an insurer that my car is worth at least that (and not something silly like £3k!)
I'm assuming a few of you have agreed value policies - who are you with, and does your policy have mileage restrictions? (I'm guessing that I'll be doing 6-8k miles a year as this is our daily driver). Thanks as always
__________________
S40 2.4i '07 Japanese import '96 850R - https://www.volvoforums.org.uk/showthread.php?t=312484 Ex Danish Embassy '96 940 GLE LPT - https://www.volvoforums.org.uk/showthread.php?t=326071 |
Oct 20th, 2021, 12:46 | #2 |
VOC Member
Last Online: Today 15:59
Join Date: Mar 2008
Location: Northampton
|
My C70 is on an agreed value and has been for the last five years. It has to be a second car, not in daily use, garaged at home and restricted to 3,000mls per year - my choice. Other than that cover is pretty much like any ordinary policy.
__________________
2001 V40 2.0lt Sport lux - Daily Driver. 174k miles. 2003 C70 2.4 GT Convertible - Garage Queen. 65k miles. http://www.neptuno6benagil.com |
The Following User Says Thank You to ITSv40 For This Useful Post: |
Oct 20th, 2021, 13:09 | #3 |
Premier Member
Last Online: Today 17:00
Join Date: Dec 2017
Location: North of Hadrian's Wall & South of Antonine's Wall
|
850R and T5 models are easier to get an agreed value as they are classed as 'Classics'
Lesser models more difficult as they are 'not old enough' or 'rare enough' according to what I was told last year. After a lot of searching I now have an agreed value through Lancaster on a classic policy. I was with Adrian Flux last year but they wouldn't give a classic policy for my GLT... 'but if it was an 850R to T5R it could be on a classic policy' For an agreed value you need to supply lots of high quality pictures, links to similar cars which are for sale or recently been sold. They like to see service history, invoices for work carried out
__________________
MY2010 XC90 SE (M66-manual) Magic Blue (467) Sold MY1997 850 GLT (62,000 miles) Silver Sand (419) MY2005 V70 2.5T (66,000 miles) Willow Green (471) Volvo 850 GLT website |
The Following User Says Thank You to 4x4 For This Useful Post: |
Oct 20th, 2021, 13:14 | #4 |
VOC Member
Last Online: Jan 20th, 2023 10:58
Join Date: Sep 2020
Location: Tittensor
|
My Gul T-5R Auto is insured at £14,000 agreed value through Lancaster who are classic specialists. Total cost per year is around £225 of which the agreed value part is about £25. That's for 5000 miles a year.
Give Lancaster a call. You will have to provide numerous current photos and answer comprehensive questions about the car and furnish proof of works done and also any market values of sold / for sale cars. Regards John
__________________
Past : 96 855 T5 CD ruby red, 98 C70GT T5 coupe Saffron, 04 C70GT T5 convertible Navy Present : 95 855 T5R Gul Yellow 08 C30SE Lux T5 Polestar 11 C70 Solstice T5 Polestar 19 XC40 T5 R-Design Polestar |
The Following User Says Thank You to JohnM 855 T5R For This Useful Post: |
Oct 20th, 2021, 13:41 | #5 |
Premier Member
Last Online: Today 16:22
Join Date: Sep 2017
Location: STANDISH LANCASHIRE
|
https://classiccarwebsite.com/item/p...car-insurance/
Peter S. Taylor & Co. Classic Car Insurance -------------------------------------- " ---------------------------------- I've mentioned this company quite a few times on this site:~ "because they are good" & provide a very personnel service to get things right, you speak to people! Three cars with them- two Volvo (V70'97 & 240 '88) 1954 Riley since the 1970s All agreed value and a very simple procedure to gain it- descent set of photos etc. Adjustments made to meet market prices is also very straightforward. Conditions as already mentioned but nothing that stops you enjoying the cars. Worth a call. Bob. |
The Following User Says Thank You to Bob Meadows For This Useful Post: |
Oct 20th, 2021, 13:49 | #6 |
Premier Member
Last Online: Yesterday 09:37
Join Date: Jan 2011
Location: Horne (Nr. Horley)
|
Mine's on a classic policy with Peter Best, agreed value, limited mileage etc. etc. As above, you need to provide several good quality hard copy photos for the agreed value. Probably worth the hassle in your case though!
Cheers
__________________
Some people are like Slinkies, they serve no useful purpose but they still bring a smile to your face when you push them downstairs. |
The Following User Says Thank You to Luxobarge For This Useful Post: |
Oct 20th, 2021, 14:46 | #7 |
Master Member
Last Online: Oct 29th, 2021 13:42
Join Date: Oct 2013
Location: Cardiff
|
You will most likely find that obtaining agreed value classic car cover for a daily driver car with the mileage you do is not going to be easy - or cheap.
In principle, yes classic car policies are great, where the car is used as an alternative to an everyday car, and it’s mileage is restricted - generally to 3K, sometimes to 6K. Yes, you will get an agreed value on such policies, but they do not depend on or generate a no claims bonus, so if you switch to such a policy, then you can kiss goodbye to your NCD after 2 years of non use. There are probably insurers out there who will provide you with an agreed value outside of a normal classic car type policy, but with yours being an ‘only’ car, covering a reasonable mileage, then you may struggle to find cover at reasonable cost. No doubt not out of the question, but possibly not straightforward. |
The Following User Says Thank You to Austin160 For This Useful Post: |
Oct 22nd, 2021, 14:30 | #8 | |
Premier Member
Last Online: Nov 14th, 2023 10:40
Join Date: Jul 2013
Location: Glasgow
|
Quote:
Nope. |
|
Oct 22nd, 2021, 15:37 | #9 | |
VOC Member
Last Online: Jan 20th, 2023 10:58
Join Date: Sep 2020
Location: Tittensor
|
Quote:
It suggests you simply don't fit the profile for a good rate from the insurers they use or its where you live or some other such impairment. Regards John
__________________
Past : 96 855 T5 CD ruby red, 98 C70GT T5 coupe Saffron, 04 C70GT T5 convertible Navy Present : 95 855 T5R Gul Yellow 08 C30SE Lux T5 Polestar 11 C70 Solstice T5 Polestar 19 XC40 T5 R-Design Polestar |
|
Oct 22nd, 2021, 15:50 | #10 |
Master Member
|
Chris Knott i am with agreed valuation of £16k
Require pic heavy detailed information £289 with all mods declared |
The Following User Says Thank You to Rich850R For This Useful Post: |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|