JohnP001

So how does this work? Over the past 9 years I’ve slowly been modifying my Escort Cosworth, and declaring the modifications to my insurance company, and slowly the yearly premiums have been going up. I was thinking that if the car was in an accident through no fault of my own, I’ll probably only get book value for the car, which can’t be much now days. So how does an agreed value policy work, and are they more expensive than a normal policy?

Is it as easy as a value is agreed, and no matter how the car is damaged and written off, the agreed amount gets paid out to you?

Cheers
John

Mrs T

when i done mine i had to send in some pic's and the work that was done to the car, i didnt have to pay anything when i done it..
not sure if it has changed now with the paying

xr2i-carl

I believe thats what an agreed value policy is yes. You will get want you agreed for it, provided proof of value with the money spent on parts/rebuild etc.