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  • FIRST POST
    • bluphoto7
    • By bluphoto7 10th Aug 18, 2:04 PM
    • 82Posts
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    bluphoto7
    Insuring a "rare" classic vehicle
    • #1
    • 10th Aug 18, 2:04 PM
    Insuring a "rare" classic vehicle 10th Aug 18 at 2:04 PM
    Are there specialist insurance companies who will insure a "rare" classic vehicle for cost of like for like replacement (or recreation), rather than market value of less desirable specifications / conditions?
Page 1
    • paddyandstumpy
    • By paddyandstumpy 10th Aug 18, 2:16 PM
    • 1,115 Posts
    • 588 Thanks
    paddyandstumpy
    • #2
    • 10th Aug 18, 2:16 PM
    • #2
    • 10th Aug 18, 2:16 PM
    Your best best sounds an agreed value policy.

    Any broker (not Swinton) should be able to arrange this for you.
    • bluphoto7
    • By bluphoto7 10th Aug 18, 2:25 PM
    • 82 Posts
    • 10 Thanks
    bluphoto7
    • #3
    • 10th Aug 18, 2:25 PM
    • #3
    • 10th Aug 18, 2:25 PM
    Ive looked into agreed value policies, but they only "agree" the market value based on inspected condition, and don't base their judgement on availability of a replacement vehicle.
    Perhaps, for example, I might have to have a replacement shipped from America, or have the colour of a replacement changed to match what was lost.
    • forgotmyname
    • By forgotmyname 10th Aug 18, 5:22 PM
    • 27,452 Posts
    • 11,084 Thanks
    forgotmyname
    • #4
    • 10th Aug 18, 5:22 PM
    • #4
    • 10th Aug 18, 5:22 PM
    A proper Classic policy may have terms like its garaged and you need a daily car but you get a lot more from the policy.

    Agreed value, right to retain the salvage no matter how badly damaged etc.

    And the price maybe as little as 90.
    Last edited by forgotmyname; 10-08-2018 at 6:20 PM.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
    • dacouch
    • By dacouch 10th Aug 18, 6:58 PM
    • 20,554 Posts
    • 12,743 Thanks
    dacouch
    • #5
    • 10th Aug 18, 6:58 PM
    • #5
    • 10th Aug 18, 6:58 PM
    If you fit into the high net bracket, you may find your Home Insurer will offer a motor policy for their clients that fits your requirements.

    Insurers like Chubb and Hiscox
    • MovingForwards
    • By MovingForwards 10th Aug 18, 7:04 PM
    • 221 Posts
    • 284 Thanks
    MovingForwards
    • #6
    • 10th Aug 18, 7:04 PM
    • #6
    • 10th Aug 18, 7:04 PM
    Google classic car insurance and loads will pop up, as said above you need to have an agreed value policy, however you will probably have to obtain a proper valuation of your vehicle.

    I would like to assume you are a member of several car groups (classic/vintage/classic american or whatever your car is), and so not understand why you are not asking within the relevant group(s) as they will be able to guide you specifically in relation to your vehicle.
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