M

Mr G Imp

Active Member
Hope someone can help here, my insurance has come to renew and I noticed the insured value is £4500 - I dont think I could replace the vehicle for that, well I could get a landy 90 but would be a naff one! so not sure what to do - they offer an agreed value cover, so was wondering what I should put for value.

The vehicle is a 90 pick up, 1988 which I had a defender 200tdi engine fitted last year. Its standard, looks like/is a working truck (dents etc peeling paint) but it’s been well maintained has a solid chassis and runs really nice.
 
You have to do the research, ie find a few cars just like yours (actually harder than you think) and note their prices/specs/mileages etc, take pics/screenshots of the adverts then think of a price and speak to the ins co, might be some info in the back of the landy mags on prices etc?
Some want it garaged/driveway/secure storage for agreed value so check first, dont lie as they check on google maps!

Be sensible with the value, ie dont pick the tarted up chevy supercharged v8 100k monster and compare it to yours!
 
If this helps, mine is a 1987 90 Soft Top/GS with 200tdi engine conversion. Since bought for £xxx I've completely restored/refurbished much of the 90 including Turner Engineering rebuilt engine, part new/refurbished interior, restored chassis, all new suspension, brakes, hubs/swivels, foot wells, sills, floor, lights and the engine bay is now better than new. I have forwarded full photographic evidence and copies of all parts receipts with an agreed value of £xx,xxx. My insurer has increased the pre-agreed premium...it was only an extra £50 or so despite more than doubling/near tripling agreed value.
 
Normally, what I have done with previous classic cars was to contact the MG or Austin club and request a formal valuation with a letter. I then submitted the letter which was used as proof.
 
Landyfox said:
Normally, what I have done with previous classic cars was to contact the MG or Austin club and request a formal valuation with a letter. I then submitted the letter which was used as proof.
Click to expand...

That works too, but I sense LR Clubs would value low despite higher market values. Always best to agree value direct with insurance co' with proof of pics. Insurance Co's will always try to wriggle out of paying at point of claim.

I too have an MG, a MGB Sebring Roadster 4.0 V8. Due to quality of conversion/build/parts used it would cost £65k to replace like-for-like, there's £25k of modified parts alone...so it's agreed insurance value is £65k. Again, the increased premium is small for 5000miles p.a. fully comprehensive.
 
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