Agreed Valuations with Safely Insured

George Trout
On November 7, 2013
https://www.safelyinsured.co.uk

PROTECTING YOUR INVESTMENT

Simply put, when you insure your specialist vehicle, you do so to protect your investment and pride and joy. Insurers use market value when assessing the value of a vehicle, in some cases insurers will not recognise the value that an enthusiast will place on their vehicle, and this is where the problem lies.

At Safely Insured, we specialise in Modified, Performance and Import car insurance, all three of these category of vehicles are difficult to value due to their non-standard nature, as such we have an Agreed Valuation Facility available for these typically specialist vehicles.

HOW DOES IT WORK?

An agreed valuation is set on your car at the beginning of the insurance policy and it gives you the peace of mind that if there is total loss claim on your vehicle, you know exactly what value you will be paid out. There will be no dispute over value, an agreed valuation will pay you back the exact figure (minus policy excess if applicable) that was agreed during the application process.

Many of our customers take advantage of our agreed valuation policies and it is a fantastic product to be able to offer.

If you are interested in finding out more then please get in touch with us to discuss when you are up for your Safely Insured renewal or if you are requesting a quotation from us.

We cannot promise to offer an agreed valuation on every vehicle and we also cannot promise to agreed every value applied for.

HOW IS THE VALUE AGREED?

We ask for the proposed agreed value to be: How much would the vehicle sell for, in today’s selling market, including modifications (if applicable) to a like minded car enthusiast.

The most common issue we encounter is customers adding up how much the vehicle cost to buy against the modification cost. We will not value your vehicle this way so please do not set yourself up for a fall.

HOW DOES THE APPLICATION PROCESS WORK?

For the application process we ask for recent images of the vehicle (exterior, under bonnet, interior) and the current MOT certificate. The customer may also choose to send through further evidence to support the proposed value, eg receipts for restoration work or modifications, similar vehicles for sale etc. Our agreed value team can talk you through any queries you may have.

Please note

The agreed value process is cost free.

The value is not agreed until you have confirmation sent in writing.

EXAMPLES OF Safely Insured AGREED VALUATION CARS

(click small images to enlarge)

Team Safely Insured/ Driftworks Championship winning Nissan S15