I suspect it's difficult to get agreed value with the likes of Admiral, Aviva and the usual mainstream insurers (which puts me off)
Has anyone managed this ?
I guess it depends on the legal definition of agreed value, Admiral suggested an insured value to me, which was slightly above my own estimate, so I was happy to accede to their suggested value. To me that’s an agreement.
That's basically a book/estimated value at the time of the insurance quote, which I think you will find will vary inline with the car's depreciation over time. When it comes to cars being valued for write-off, all sorts of things are taken into account eg mileage, condition and age of tyres which will effect it's worth. I have had a an appreciating value car stolen whilst in storage on a storage policy and in fairness the mainstream insurers did a market value search and agreed a value which was well in excess of what I paid for the car....but that may be not be the case with everyday RTA insurance.
If there is only a small difference in premiums between a main stream insurer and a specialist agreed value policy, then the agreed value would be logical. However, if there is a massive difference in premiums and you can live with the risk eg windscreen coverage ( I have only ever replaced one in over 50 years of driving and that was on my Porsche Turbo) then it maybe a risk you are prepared to accept. For me the real issue is availability of Morgan parts eg heated windscreens,and where I would have to arrange to get it fixed and getting the car there and likely off road time whist waiting and how all of that is covered.....if at all by the insurance.
