[
The insurance should pay the dealer price to replace your car (retail) an agreement I have. The value of my morgan was insured on this basis.
That is the basis of most car insurance. When my Son's Clio was written off the insurance company loss adjuster identified 3 similar cars for sale within 50 miles of here and averaged the price. It was very fair and allowed him to buy a new one.
My view is that only if the car is sufficiently rare to make it difficult to achieve a proper market valuation is it worth having an agreed value in place. Many, but not all, Morgans will fall into that classification.
