Agreed Value

2 articles

Agreed value insurance for a classic: what the Ombudsman says, and why market value fails old cars
The trade valuation guides insurers use do not value cars over about twenty years old, which is why a classic on a market-value policy is a claim waiting to be argued. What the Financial Ombudsman expects, what the regulator found when it looked, what agreed value actually promises, and the evidence that sets it.
Agreed value insurance, explained
The classic-car insurance structure where you and the insurer agree the car's value upfront, so any total-loss claim pays out at that figure rather than a depreciated market value.

British Classic Cars

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