11 replies to this topic

[Sfuller1275gt]

Basically I took out a policy last week and email all my agreed value stuff to them they are saying now that it can take 30 days to process so I can't drive it till this has been settled . This really dont seem right

[Jordie]

usually you drive it with the implication that until the agreed value is confirmed, you will only recieve market value.

[Sfuller1275gt]

Yeah that's what they said but if I take it out and god for bid smash it up market value is what ever they say so if they £2000 I got a £3000 shortfall ??

[Jordie]

thats life im afraid.

I heard of people paying £10,000 for a car and writing it off weeks later. market value was only £8500, so lost £1500 in a week or two.

[Sfuller1275gt]

I understand that but the point of agreed value is you agree on a value and they have sold me a 12 month policy for which I can only use 11 months untill we agree I don't see how this is fair. I get if you buy something for 10 u could get 8.5 because that's book price but agreed is different ??

[Jordie]

well i took my policy out in advance and my forms were done and dusted, valuation through before policy started.

I dont think you have any option, dont drive it if you arent able to take the risk.

[Sfuller1275gt]

How long did urs take to agree if u dont mind me asking

[miniyellowmini]

This is the same way mine was done. Took roughly two weeks to get the agreed value confirmation letter through.

[Bungle]

you can get next years insurance before your current insurance runs out

i'm always asked when i would like the policy to start

if you get the insurance sorted out a few weeks early it gives you time to get the paper work in before your old policy runs out

[mike.]

I did mine by post with footman james. This way I sent all my details off along with car details and photos so that it was covered from when the policy started.

[Dan]

If your car is destroyed while they are processing the paperwork, it won't affect the evidence that you have sent in or the value of the car when you took out the policy. You have an agreed value, the only problem would be if you crashed it and then they rejected the evidence and refused to accept the value.

[Bungle]

but an insurance company wouldn't do that to get away with paying less out, they are all honest