Hi guys, I guess many of you are on agreed value policies. I have just renewed for the second year through H.I.C. My 3 door was insured for £10000 until midterm of the first year when following a major engine rebuild this figure was increased to £13500. At that time I paid an administration charge which is fair enough,and an additional sum on my premium . This years renewal notice came through and there was an increase of around a third on last years premium. I queried this with H.I.C. and was told that this was due to the agreed value sum. After some thought, and being late in the day to start looking at other options I agreed to a second year with H.I.C. My documents arrived including a letter which offered agreed value for this second term of insurance. I spoke to H.I.C. again to check this out, and was told that they required six recent photographs, and various forms filled out annually, to agree the value again. Bearing in mind that I have been charged a sum of money in my premium for this agreed value, I am told that agreed value will not be covered until I have the certificate, which could take up to 30 days from receipt of photographs and paperwork from me. I could understand the complication if I was trying to increase the value above the £13500 figure ,or the car had changed in any way since the valuation six months ago. I am now in the position where I would be foolish to take the car on the road prior to having the agreed valuation certificate, because if it were to be involved in an accident, my fault or not, the payout from whoever would be substantially less than the true value of the car. There is also an annual charge of £15.75 for administration of the agreed value. Are any of you having this problem?£££.