ChatterBank2 mins ago
car insurance
My mini has been re-conditioned, where can I find an insurance company who will pay me out the value that I put on it rather than the book value?
Answers
1 to 2 of 2
Best Answer
No best answer has yet been selected by mini-fan. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
I assume you mean a classic Mini rather than the modern toss?
Your best bet is to join an owners club (if you have not already done so), get a valuation via them, and insure via a broker that will accept the valuation 0 like Footman James, Adrian Flux, etc.
Otherwise, you are going to get a market value policy, so you'll be lucky to get �500 in the event of your car being written off.
However, be aware that the club valuers may not agree with your valuation, and if you are insistent on tryiong to insure your car for, say �10000, when it may only be valued at �1000 by the club, then you may be a bit disappointed!
Your best bet is to join an owners club (if you have not already done so), get a valuation via them, and insure via a broker that will accept the valuation 0 like Footman James, Adrian Flux, etc.
Otherwise, you are going to get a market value policy, so you'll be lucky to get �500 in the event of your car being written off.
However, be aware that the club valuers may not agree with your valuation, and if you are insistent on tryiong to insure your car for, say �10000, when it may only be valued at �1000 by the club, then you may be a bit disappointed!
1 to 2 of 2
