General Insurance

Talk about E-Types here

Topic author
Car-Nut

#1 General Insurance

Post by Car-Nut » Tue Jul 07, 2009 2:59 pm

Im sure at the beginning I raised an Insurance thread but it seems to have gone :?:

I know theres a thread on the next page for an agreed valuation insurance process also.

But guys which companies are you using, what do you pay (if you dont me asking) and has there service been good?

I know it all goes on age, postcode,driving history etc etc.

Just wanted to know who was recommended in the E Type insurance world?

Link:
BBcode:
HTML:
Hide post links
Show post links

User avatar

Heuer
Administrator
Posts: 14745
Joined: Sat Mar 01, 2008 5:29 pm
Location: Nottinghamshire
Great Britain

#2

Post by Heuer » Tue Jul 07, 2009 3:32 pm

I first used Norwich Union and with agreed value and limited mileage it was ?1200 p.a. Clean licence, no accidents. Each year they added more conditions - "thou shalt not go on rallies, club days, travel with more than two vehicles, no Nurburgring etc etc". I went to Footman James and with an agreed value of ?75,000, unlimited mileage, no joy killing conditions it cost ?225. No experience of a claim, obviously.
David Jones
S1 OTS OSB; S1 FHC ODB
1997 Porsche 911 Guards Red

Add your E-Type to our World Map: http://forum.etypeuk.com/viewtopic.php?f=1&t=1810

Link:
BBcode:
HTML:
Hide post links
Show post links


1954Etype
Moderator
Posts: 2683
Joined: Sat Sep 27, 2008 12:32 pm
Contact:
Great Britain

#3

Post by 1954Etype » Tue Jul 07, 2009 3:50 pm

Heuer wrote:I first used Norwich Union and with agreed value and limited mileage it was ?1200 p.a. Clean licence, no accidents. Each year they added more conditions - "thou shalt not go on rallies, club days, travel with more than two vehicles, no Nurburgring etc etc". I went to Footman James and with an agreed value of ?75,000, unlimited mileage, no joy killing conditions it cost ?225. No experience of a claim, obviously.
Just got mine ?225 via Gott and Wynn. Clean licence, agreed value of 65k.

Link:
BBcode:
HTML:
Hide post links
Show post links


daverawle
Posts: 245
Joined: Thu May 08, 2008 7:14 pm
Location: Cornwall, England
Contact:
Great Britain

#4

Post by daverawle » Tue Jul 07, 2009 7:58 pm

Angus, David,

Did you use the JEC valuation. I ask as I recently spoke to Colin Searle of JEC and I feel he vastly underestimates the value of some cars (mine for example)

Dave
1963 OTS

Link:
BBcode:
HTML:
Hide post links
Show post links

User avatar

Heuer
Administrator
Posts: 14745
Joined: Sat Mar 01, 2008 5:29 pm
Location: Nottinghamshire
Great Britain

#5

Post by Heuer » Tue Jul 07, 2009 8:04 pm

Dave

I used a local specialist who knows the car and the market. Basically you need to consider what would be the cost to replace your car in the event of total loss without betterment. Unfortunately the Clubs can be out of step with market conditions so you need to find an honest broker who is prepared to match your car against known (retail sale) examples and stand by their valuation. Their reputation depends on it.
David Jones
S1 OTS OSB; S1 FHC ODB
1997 Porsche 911 Guards Red

Add your E-Type to our World Map: http://forum.etypeuk.com/viewtopic.php?f=1&t=1810

Link:
BBcode:
HTML:
Hide post links
Show post links


daverawle
Posts: 245
Joined: Thu May 08, 2008 7:14 pm
Location: Cornwall, England
Contact:
Great Britain

#6

Post by daverawle » Tue Jul 07, 2009 8:46 pm

Heuer wrote:Dave

I used a local specialist who knows the car and the market. Basically you need to consider what would be the cost to replace your car in the event of total loss without betterment. Unfortunately the Clubs can be out of step with market conditions so you need to find an honest broker who is prepared to match your car against known (retail sale) examples and stand by their valuation. Their reputation depends on it.
I think I'll go that route as the JEC benchmark seems to be concours, whereas the replacement value of a car tailored to the owners liking could be much higher - take Eagle for example, no way the highly modified ones would class as concours despite being expensive works or art. Another plus would be in saving JEC membership fees and not having to suffer another article about a loon who polishes the underside of his XK8 with Red Thunder (whatever that is). Whew! glad I've got that off my chest :D
1963 OTS

Link:
BBcode:
HTML:
Hide post links
Show post links


1954Etype
Moderator
Posts: 2683
Joined: Sat Sep 27, 2008 12:32 pm
Contact:
Great Britain

#7

Post by 1954Etype » Tue Jul 07, 2009 9:03 pm

daverawle wrote:
Heuer wrote:Dave

I used a local specialist who knows the car and the market. Basically you need to consider what would be the cost to replace your car in the event of total loss without betterment. Unfortunately the Clubs can be out of step with market conditions so you need to find an honest broker who is prepared to match your car against known (retail sale) examples and stand by their valuation. Their reputation depends on it.
I think I'll go that route as the JEC benchmark seems to be concours, whereas the replacement value of a car tailored to the owners liking could be much higher - take Eagle for example, no way the highly modified ones would class as concours despite being expensive works or art. Another plus would be in saving JEC membership fees and not having to suffer another article about a loon who polishes the underside of his XK8 with Red Thunder (whatever that is). Whew! glad I've got that off my chest :D
Dave

I put my own value on the car and it was accepted. All I have to do is provide photographs.

Link:
BBcode:
HTML:
Hide post links
Show post links

User avatar

GSR 54D
Posts: 281
Joined: Wed Dec 03, 2008 1:17 pm
Location: Surrey
Great Britain

#8

Post by GSR 54D » Fri Jul 10, 2009 10:57 am

I presently use Lancaster insurance services (?230'ish with breakdown cover) and this year had the agreed valuation raised by sending in 20+ pictures on cd and internet links to current private and dealer adverts of similar (condition) cars to mine.
They came back with a valuation exactly in the middle price range of the links I sent in.
John H

Link:
BBcode:
HTML:
Hide post links
Show post links

User avatar

Bill Molloy
Posts: 45
Joined: Wed Jan 14, 2009 2:24 pm
Location: Southport, Merseyside, UK
Contact:

#9

Post by Bill Molloy » Fri Jul 10, 2009 12:39 pm

1954Etype wrote:Just got mine ?225 via Gott and Wynn. Clean licence, agreed value of 65k.
I just called Gott and Wynn and got a quote for ?338 - clean licence 5000 mile pa agreed value 65k

Perhaps they don't like me !!
Which company are you insured by ?

For the agreed value I have to supply photos and a statement from "a jag / classic car knowledgeable person or someone in the jag club" to confirm the valuation.

The photos are not a problem but I won't use JEC for the valuation as their valuations are always too low

Any ideas who I could get to do it ?
1971 S2 OTS, 1954 Sunbeam Alpine, Honda CBR600

Link:
BBcode:
HTML:
Hide post links
Show post links


Topic author
Car-Nut

#10

Post by Car-Nut » Fri Jul 10, 2009 12:59 pm

Bill Molloy wrote:
For the agreed value I have to supply photos and a statement from "a jag / classic car knowledgeable person or someone in the jag club" to confirm the valuation.

Any ideas who I could get to do it ?
Maybe Harry - E Type Uk does this :?:

Dont know what the charge would be :?:

A way of giving back to Harry and supporting his young bussiness after he has given us the forum :wink:

Link:
BBcode:
HTML:
Hide post links
Show post links


Topic author
Car-Nut

#11

Post by Car-Nut » Wed Jul 15, 2009 10:02 am

Sorted my Insurancewith 3pts just about to come off and one accident 3 yrs back.

Got a quote for ?234 quite chuffed :D

Beats about ?750 on the M5 :(

Biggest problem ive had this week is getting my own money out my account :(

My wife always seems to do it very easily :lol:

Link:
BBcode:
HTML:
Hide post links
Show post links

Post Reply Previous topicNext topic