30psi
Posted a lot
Posts: 1,024
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Sept 2, 2009 12:46:01 GMT
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Ok I'm renewing the Tbird insurance.
Renewal letter comes in from Performance Direct for £322. I thought it would be sensible to shop around, although last year PD's quote was basically the same as everyone else.
So, I've had the following:
Classicline (Brit) - £212.50 (350xs, agreed value of £6k)
Adrian Flux (Trinity Lane) - £172.35 (100xs, agreed value of £6k)
RH Classic Ins (Equity) - £75.60 (100xs, no agreed value)
Maybe I'm being sceptical here, but aren't RH just a little bit too cheap? They don't offer agreed value and say that Equity will pay out market prices.
Does anyone have experience of RH and/or Equity in terms of their claims process and pay outs?
I'm feeling this is a case of you get what you pay for as its so cheap...
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1962 Ford Thunderbird 6.4L
1981 Datsun Bluebird SSS CA18DET
1981 Datsun Bluebird SSS SR20DE
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Sept 2, 2009 12:48:02 GMT
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1937 Austin Street Rod - 1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1976 Rover V8 - 1994 Ford Fiesta
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30psi
Posted a lot
Posts: 1,024
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Sept 2, 2009 12:51:57 GMT
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Yeah market value scares me. It could do me a favour if cars are for sale at a high price, but thenas '61-'63 tbirds aren't filling out the pages of autotrader they can more or less guess the value
I'll try FJ later cheers
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Last Edit: Sept 2, 2009 12:52:22 GMT by 30psi
1962 Ford Thunderbird 6.4L
1981 Datsun Bluebird SSS CA18DET
1981 Datsun Bluebird SSS SR20DE
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Sept 2, 2009 13:06:32 GMT
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cheapest isn't always best,try FJ or lancaster or go with the flux quote.
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1900sr
Part of things
I like Mantas me!
Posts: 875
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Sept 2, 2009 20:52:07 GMT
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RH will only agree value if the car is garaged.
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30psi
Posted a lot
Posts: 1,024
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Sept 2, 2009 22:52:19 GMT
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Ok cheers 1900sr, the car is on the drive so that makes a bit of sense.
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1962 Ford Thunderbird 6.4L
1981 Datsun Bluebird SSS CA18DET
1981 Datsun Bluebird SSS SR20DE
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Sept 2, 2009 23:23:14 GMT
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I used RH for years, but always worked on the basis that a total loss claim would be "interesting" lol. Having said that, I got paid out on a mk3 cortina that someone set fire to, the assessor just agreed with my valuation because he had no idea what it was worth...
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To get a standard A40 this low, you'd have to dig a hole to put it in |
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My 59 Caddy is with RH, going to check that it's value is agreed now. I had assumed it was a classic policies generally are.
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Fake patina sucks!
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30psi
Posted a lot
Posts: 1,024
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Hi Motorama, will be interesting to see if yours is agreed, however I think the answer might be yes if its garaged
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1962 Ford Thunderbird 6.4L
1981 Datsun Bluebird SSS CA18DET
1981 Datsun Bluebird SSS SR20DE
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30psi
Posted a lot
Posts: 1,024
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Sept 3, 2009 13:14:55 GMT
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Got a quote from Footman James at £202.05 (£100 xs) Lancaster wouldn't provide a quote. I'm too young  |
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1962 Ford Thunderbird 6.4L
1981 Datsun Bluebird SSS CA18DET
1981 Datsun Bluebird SSS SR20DE
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kenb
Part of things
Posts: 604
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Sept 3, 2009 14:50:17 GMT
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this agreed value thing, I think for older cars they(insurance companies) use the price guides like the one in Practically Carsicks. However in the case of the Anglia's the prices are so wrong in there despite our club telling them until they are blue in the face. It worries me how all this would pan out in the event of a claim. Anglia vans in tip top mint concours can fetch anything up to 7K these days, doesn't say that in the last PC I bought.
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Last Edit: Sept 3, 2009 14:50:57 GMT by kenb
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1900sr
Part of things
I like Mantas me!
Posts: 875
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Sept 3, 2009 17:11:56 GMT
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Usually in the case of an agreed value the insured will usually get an independent valuation done (owners club, specialist etc) and the insurers will accept that. It may need to be done on one of their own forms (Heritage work like this I think), or on headed paper (RH accept this). In the case of RH the agreed value is shown on the schedule.
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rodit
Posted a lot
Posts: 1,683
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Sept 3, 2009 21:16:32 GMT
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We repair for equity red star, all i will say is erm.
Yes they are cheap but if you could see what they are like with a modern i would not go there with yours, however they are just the underwritter possibly in this case.
You need an agreed value as without this a 500 pound repair could see your car deemed a write off.
I had agreed value with HERTZ and they paid out no problems and that was insured through them with Highway. If i had not had agreed i would have got £300 instead of 2K and the assesor did not want to write mine off.
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Low and slow
Why can't i tune it?
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