12 replies to this topic

[Teapot]

Mrs Teapot has been refused an agreed value provision for her '97 Cooper by Adrian Flux. I was told she could apply for one, and now they are saying they are sorry if she has been misled. Everything is now shut for Easter so we can't find out why unless they are working tomorrow. Would it be because the trade value is considered adequate?

[Bean]

IIRC, Taffy's a bit of an expert on agreed value policies?

AFAIK, as long as you can prove the actual value of a car, they can't really argue? Try to get a few valuations together from some Mini specialists?

[Teapot]

It's not that they don't agree with our valuation. They're saying an agreed value isn't in the policy at all.

EDIT Just noticed insurance area -- thanks for moving it

Edited by Teapot, 02 April 2010 - 06:57 PM.

[Joloke08]

Is it Because the car is Under 15 years old?
We were told something similar so this year our 95 Sprite will be on an agreed Value Classic Policy

[Teapot]

agreed Value Classic Policy

What's that, please? Who with?

[Kerrin]

I have just insured my 1990 Mayfair and got offered ageed value, all the forms were sent through, but just aiting to spray the wing the "right" colour before the photo's are sent off.

Maybe mine is ok as it's 20 years old and is on a classic policy.

My 1982 mini already has an agreed value, again with Adrian flux.

[tomsbluemini]

Flux offered me an agreed valuation on my 1998 Cooper, so it can't be anything to do with the age.

It's quite possibly that the company who your insurance is with (flux are only a broker,) doesn't offer agreed valuations. Just ring them up and ask for a quote from a company that does offer agreed valuations - should fix the problem

Good Luck!

[Bean]

Ah, sorry Teapot. Read that wrong!

Is the Cooper her daily runner? Some insurance companies have problems with classic cars being used daily?

[Teapot]

It's quite possibly that the company who your insurance is with (flux are only a broker,) doesn't offer agreed valuations.

Huey & Rocky are both with Trinity Lane. Huey gets agreed value and Rocky doesn't.

Is the Cooper her daily runner?

Could be that, yes. Mrs T is on the phone now!

[Teapot]

OK, Bean's right, it's because Rocky is used for business as well as pleasure, is a daily driver, and has a declared mileage of 12k a year, which in insurance company jargon means unlimited mileage.

It's no good pretending otherwise because we might have to lie about any accident details, and that would put us with the insurance cheats we are always moaning about for upping our premiums. So Rocky has only an estimated value, of £4k.

One thing the Flux person said was that agreed value is "only for show cars being taken out at weekends." Er, well, I took Huey for a long weekend at the Nurburgring, and on a long weekend to IMM in Denmark, both with Flux's permission ... shome mishtake shurely? What if I have an accident on a Tuesday? (Er, oops, I did ... and they paid up.)

Another thing you may notice on your policy is that if the car is garaged, it has to be locked in that garage between 10pm and 6am. So of you're visiting friends and park on the street, and your car is nicked/vandalised at 10.30pm, watch out!

[john1.2pearl]

Another thing you may notice on your policy is that if the car is garaged, it has to be locked in that garage between 10pm and 6am. So of you're visiting friends and park on the street, and your car is nicked/vandalised at 10.30pm, watch out!

Yep, i also got caught out on that one aswell when i renewed my policy, to make sure i had to change from garaged to kept on a drive/street, even thought it is still garaged through the night

[mini_mad69]

I have just insured my 1990 Mayfair and got offered ageed value, all the forms were sent through, but just aiting to spray the wing the "right" colour before the photo's are sent off.

Maybe mine is ok as it's 20 years old and is on a classic policy.

My 1982 mini already has an agreed value, again with Adrian flux.

You should do it sooner rather than later, and keep an eye on the deadline, my insurance got cancelled because I did not send the documents off in time.

[GW]

Another thing you may notice on your policy is that if the car is garaged, it has to be locked in that garage between 10pm and 6am. So of you're visiting friends and park on the street, and your car is nicked/vandalised at 10.30pm, watch out!

It varies from company to company, but ususally that will be accompanied by something like 'within 1/4 mile' so if you are away from home it wil still be covered, but if you just park it on the road instead of in the garage, then it wont.