lightning

lightning

Well-Known Member
Adrian Flux now offer agreed value insurance on modern (under 15 years old) Defenders.

I just renewed my policy and it was an extra £40 to add on the policy, now if the Land Rover is written off or stolen l get back what l paid for it.

They will also consider improvements that have increased the value. So if (say) l'd paid £5,000 for a Defender but fitted a new chassis on it, the new value would be set after discussion/photos etc.

I think it's worthwhile due to the massive variation in value on Defenders, at least with this you stand to get your money back.
 
I've run agreed value insurance on my 90 for the past 15-years, as you say it is great piece of mind.
Most are underwritten by Equity Red Star and I have found that for me Lancaster are the cheapest.

The agreed value on mine was increased last year as I had just completed a partial rebuild (galv bulkhead etc) and I will be looking at increasing it again next year as I am just completing a load more work. It is just a case of getting into the habit of keeping every invoice / receipt and also a list of what is done to it and when. At renewal time it makes it a lot easier and then it is just a case of taking the required photos.
 
Up until now l could not get anybody to offer agreed value cover on our 2006 Defender. Older ones can get it under a classic policy.
 
I am with AF and while I don't have agreed value (do you have to ask for it?) I made sure that they would pay out what its worth. They said that as long as I had pics and receipts I would be fine. Got a few pics...!
 
"while I don't have agreed value (do you have to ask for it?)"

Yes, it is a different type of policy and costs slightly more.
Stating the value of the vehicle for insurance purposes is not the same as an agreed value policy.
 
tell me this gents ,

do you have to garage your car near you property for this agreed value ? my buddy has an old 70s mini and has agreed value - but has to keep his car inside at nighttime hours at his house.

I know flux specified my car MUST be locked when its on my drive ( like it would be anything else)
 
Litch said:
"while I don't have agreed value (do you have to ask for it?)"

Yes, it is a different type of policy and costs slightly more.
Stating the value of the vehicle for insurance purposes is not the same as an agreed value policy.
Click to expand...

Ah, ok. I'll probably get that next year then. Will just try not to get it written off or stolen until then!
 
"do you have to garage your car near you property for this agreed value? "

Depends on the wording on the policy as each one is different.
Someone who didn't have a garage wouldn't buy a policy that states the vehicle must be garaged because when the crunch came there would be no payout.
My agreed value makes no such stipulation and indeed it states that it is parked on the driveway whereas my bike instance (which isn't an agreed value policy) states that if the bike is parked within a certain distance of the house (can't remember the distance off hand but I think it is about 1/2 mile) between certain hours (can't remember those either) then it MUST be garaged. If I am outside the stipulated distance from home however then it can be parked all night where I like and it is still covered.
 
Both my Land Rovers are parked on my drive, there is no requirement to garage them. Neither would fit in my garage anyway!

I just insured my new (to me) 1997 300tdi with Footman James, and the policy cost £265 with mileage of up to 5,000 per year.
You can get more mileage, on my TD5 l have up to 12,000.
The agreed value on the 300tdi is £10,000 and it cost an extra £15 on the policy.
They wanted 7 photos of the Landy to agree the price.
Both Land Rovers have visible + invisible security measures, although the insurance did not demand it.
 
Last edited:
lightning said:
Both my Land Rovers are parked on my drive, there is no requirement to garage them. Neither would fit in my garage anyway!

I just insured my new (to me) 1997 300tdi with Footman James, and the policy cost £265 with mileage of up to 5,000 per year.
You can get more mileage, on my TD5 l have up to 12,000.
The agreed value on the 300tdi is £10,000 and it cost an extra £15 on the policy.
They wanted 7 photos of the Landy to agree the price.
Both Land Rovers have visible + invisible security measures, although the insurance did not demand it.
Click to expand...

That's interesting. I'm with footman james and have agreed value, however I didn't need to supply any evidence. I asked what I would need to provide, and they said nothing. (though mine is nowhere near 10K)

Hopefully won't need to find out what happens when claiming....
 
I have been looking at this for mine once it is complete
a few people i know have the agreed value with heritage insurance
so might be worth trying them also
 
Had agreed value on my 20 year old Fender since puchase 5 years ago through both Lancaster and Flux

Just seemed sensible given the variance between book and market values
 
If the value is agreed then that is what you would get....no arguments.

That's the whole point of it.
 
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