PassionFord - Ford Focus, Escort & RS Forum Discussion

PassionFord - Ford Focus, Escort & RS Forum Discussion (https://passionford.com/forum/index.php)
-   Insurance (https://passionford.com/forum/insurance-54/)
-   -   When did Greenlight stop doing agreed value??? (https://passionford.com/forum/insurance/289771-when-did-greenlight-stop-doing-agreed-value.html)

rog 17-03-2009 01:36 PM

When did Greenlight stop doing agreed value???
 
Just got my quote for renewal through the post this morning, and the funny thing is I was just saying the other day how excellent it was that I had an "agreed" value on the policy!!!!!
Anyway I get the paperwork thru, and there's an asterisk beside the vehicle description, so i think to myself that usually means something bad.....:cry:
It says *All vehicles are now on a market value basis, agreed values are no longer available.

I think that's pretty shit TBH, I'm gonna phone up and see if i can find out a little more. God forbid I was to make a claim, what is the agreed market value of a K plate sierra??? :?

Ian M500COS 17-03-2009 01:56 PM


Originally Posted by rog (Post 4016097)
Just got my quote for renewal through the post this morning, and the funny thing is I was just saying the other day how excellent it was that I had an "agreed" value on the policy!!!!!
Anyway I get the paperwork thru, and there's an asterisk beside the vehicle description, so i think to myself that usually means something bad.....:cry:
It says *All vehicles are now on a market value basis, agreed values are no longer available.

I think that's pretty shit TBH, I'm gonna phone up and see if i can find out a little more. God forbid I was to make a claim, what is the agreed market value of a K plate sierra??? :?


There is agreed market value in the eye of a seller and there is agreed market value in the eyes of a trader or even worse...an insurance underwriter acting on behalf of his employer, the insurance company. And believe me they are WORLDS apart.

So now you pay the same premium (or more!!) and get much less in the event of a payout!! That's not a good deal in my book. I'd shop around and tell them to do one!!

col cos1 17-03-2009 02:01 PM

cancel it asap

rog 17-03-2009 02:03 PM

That was precisely my line of thinking, from initial impressions it seems like you'd pay more on your premium to have a "modified" and nice example, yet you'd probably get closer to an average price (especially a saph as most of them are scabby and only fit for breaking) for it if it got wrecked. Doesn't really seem to be fair.
Thanks for the input, glad it's just not me that sees it like that.

ECU Monitor Enthusiast 17-03-2009 02:16 PM

Happened to me too on my escos .... I binned them :)

rog 17-03-2009 02:17 PM

Who are you with now????

ECU Monitor Enthusiast 17-03-2009 02:19 PM

Its no longer insured as its off the road till summer while I do some mods on it :)

kosman 17-03-2009 02:25 PM

http://www.needtoinsure.co.uk/

try thse boys,my saff agreed value,mods declared,5k limit £300 a year


All times are GMT. The time now is 05:37 AM.


© 2024 MH Sub I, LLC dba Internet Brands