Agreed value insurance - Suggestions?

[TYP 8Z]

Morning all,
I have finally decided to switch from a standard motor insurance to an agreed value cover. I have invested a bit of money in my A2, making it showroom condition with a nice set of OEM upgrades/ retrofits, so I'm very keen to protect this investment.

I received a quote from Adrian Flux but before I commit to a specific insurer I'd like to explore if there are other good alternatives.
Is there any member here that feels sharing his or her experience with agreed value insurance?
Thanks in advance!

 

[Alan_uk]

As mentioned previously Adrian Flux reduced the AV from £3,500 to £3,000 which I thought was too little. I spent a good few hours going back through the A2OC market place looking for TDi 75s under 100k miles, one or two owners and FSH. Didn't spot any in the last 6 months but I found a number of close matches including some petrol models being advertised and sold within a few days if not hours for £4,000 - £4,500. So I sent these to Adrian Flux and eventually got the not unexpected reply:

Having received your recent correspondence concerning the valuation placed upon the vehicle, we have duly completed further research into the proposed valuation. Following further investigation and despite the points raised, in our opinion, we believe our initial valuation to be correct.

Looking at the policy document it states:

Market value – The value of the vehicle on the market at the time of the total loss,
which will be defined by references to vehicles of the same type (make, model and
trim), condition (including mileage recorded) on vehicle valuation guides (such as
Glass Guide).

So market value does not take into account no. owners or FSH or rarity value of a particular vehicle.

My guess is that guides like Glass' use dealer data and that many A2s are no longer sold by dealers, thus giving a deficit of data and some formalistic adjustment for mileage - well that's how I feel at the moment!

I'm also thinking that with AV in the event of a claim one could never get more than the AV as they would argue, that having paid the AV premium I've already agreed the value - end of story! i.e. pointless contesting by, for example, pointing to comparable examples for sale that would give one a vehicle similar to the one just lost.

I will try Lancaster and Performance Direct next year.

Edit: Just spotted in the policy document:

Not Covered:
Any claim for an amount above the agreed value amount shown on the policy
schedule, where the additional value has not been agreed by us or the insurance
adviser.