Community Status Updates
fattail95
Got a problem... When I insured my car (I'm 17) I said the value was £2750, now Adrian Flux are asking for an agreed valuation, do I state it had a restoration and that it is worth ~£4000 or will that cause issues and invalidate my insurance? Please help! Thanks
Oct 16 2012 08:09 PM
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petehuws
Insure it for it's correct value you should not notice a huge difference. I've been here before and under insured the value of my car then overinsured. No offence but a mini valued at £5k is peanuts to them the risk comes when 'touch wood' we crash into a Rols Royce Phantom or DB6. Insure it for it's correct value you should not notice a huge difference.
Oct 17 2012 10:54 AM -
86mayfair
If you underinsure it you will only get back your scheduled or agreed value - basically they will only pay out as much as you say it's worth. And if you don't declare things like a nice stereo and genuine minilites etc then they won't pay out for them if they are damaged in a crash
Oct 17 2012 06:53 PM -
1984mini25
just because you've just spend x amount on a 'restoration' doesn't intantly mean that its now worth its original valve plus whatever you've spent on it. try selling it at 4k and see and i bet you wouldn't have many takers.
Oct 17 2012 07:15 PM
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