GT-R Register - Official Nissan Skyline and GTR Owners Club forum - View Single Post - It's that time of year, sharing my experiences

ITSt · 13th May 2008, 11:07 AM

Hi Folks,

I've decided to stop looking and have just made a decision, to be honest I was getting fed up with continually phoning around and filling out WEB forms, sometimes enough is enough.

I've also given up on the possibility of getting an up-front agreed value policy, far too much hassle, very little interest, and to be honest the strong feeling that the car had to be worth a lot more than £20K to be considered for an "agreed value" policy, so here are some findings:

The "winner" is :

A-Plan, they confirmed that they will not do agreed values, only current market value at time of write off, but excellent service (thanks to Andy) and after a little bit of negotiation the cheapest of all quotes for my circumstances (insurers are MarketStudy).

As for the others:

MCE, been with them for 2 years, but this time they could not get anywhere near the other quotes and were in fact the 2nd highest, by a long way. It took an awful lot of phone calls, lots of repeating of information that I had already told them, and at one stage they gave me a quote based on a non-modified car, so we had to repeat the whole process. Don't think "power" modifications are there speciality anymore. Could not find an agreed value policy for me.

Swinton ..... would not quote ..... too heavily modified

I don't think so, so much for their adverts.

Sky Insurance, a very close second, I would recommend giving them a try

. They confirmed that they will not do agreed value, only current market value at time of write off (even stated that it would be a maximum £15K today), but did quote me on the rest, and again excellent service (insurers QBE, ex-Ensign).

HIC Insurance, Service is superb, and the only ones who would do an agreed value policy. Good and precise on the phone and then 2 hours later as promised an email containing PDF files of the quote and policy for review, excellent service, agreed value policy, but double the cheapest "normal" quote not including the agreed value extra payment. For this extra payment I would receive a certificate of value.

Greenlight, will not give me an agreed value policy as they have already decided that the value of my car is way below what I want so have stated that they will only go with market value at time of write-off, in other words a normal policy, and £150 dearer than the cheapest quote. Found out their "agreed value" is nothing more than checking up on today's market value of a similar car and then stating that is what I would get if the car is written off. I asked a lot of pointed questions on this.

Keith Micheals not impressed at their customer intamacy, they refused to give me a quote because they said they could not match my "best" quote so far, I asked them to quote anyway and I received absolutely nothing from them, a bit lazy if you ask me, not exactly selling themselves.

I did do a few more but all went very "cold" on hearing that the estimated power of the engine is now 400bhp. It seems that "modified" in the eyes of some insurers or brokers means "body modifications" as when I stated that the car was in factory standard condition in terms of the body, and the modifications were only in terms of the mechanics, there were lots of hums and haws and deep intakes of breath

.

So hopefully that is it for the next year. I'm happy with the service and quote from A-Plan which gives me a few more £'s to do the next stage

Maybe next year I'll try again with the agreed value policies.

13th May 2008, 11:07 AM	#14 (permalink)
ITSt GTROC Member Join Date: Apr 2006 Location: Scotland Posts: 699	Hi Folks, I've decided to stop looking and have just made a decision, to be honest I was getting fed up with continually phoning around and filling out WEB forms, sometimes enough is enough. I've also given up on the possibility of getting an up-front agreed value policy, far too much hassle, very little interest, and to be honest the strong feeling that the car had to be worth a lot more than £20K to be considered for an "agreed value" policy, so here are some findings: The "winner" is : A-Plan, they confirmed that they will not do agreed values, only current market value at time of write off, but excellent service (thanks to Andy) and after a little bit of negotiation the cheapest of all quotes for my circumstances (insurers are MarketStudy). As for the others: MCE, been with them for 2 years, but this time they could not get anywhere near the other quotes and were in fact the 2nd highest, by a long way. It took an awful lot of phone calls, lots of repeating of information that I had already told them, and at one stage they gave me a quote based on a non-modified car, so we had to repeat the whole process. Don't think "power" modifications are there speciality anymore. Could not find an agreed value policy for me. Swinton ..... would not quote ..... too heavily modified I don't think so, so much for their adverts. Sky Insurance, a very close second, I would recommend giving them a try . They confirmed that they will not do agreed value, only current market value at time of write off (even stated that it would be a maximum £15K today), but did quote me on the rest, and again excellent service (insurers QBE, ex-Ensign). HIC Insurance, Service is superb, and the only ones who would do an agreed value policy. Good and precise on the phone and then 2 hours later as promised an email containing PDF files of the quote and policy for review, excellent service, agreed value policy, but double the cheapest "normal" quote not including the agreed value extra payment. For this extra payment I would receive a certificate of value. Greenlight, will not give me an agreed value policy as they have already decided that the value of my car is way below what I want so have stated that they will only go with market value at time of write-off, in other words a normal policy, and £150 dearer than the cheapest quote. Found out their "agreed value" is nothing more than checking up on today's market value of a similar car and then stating that is what I would get if the car is written off. I asked a lot of pointed questions on this. Keith Micheals not impressed at their customer intamacy, they refused to give me a quote because they said they could not match my "best" quote so far, I asked them to quote anyway and I received absolutely nothing from them, a bit lazy if you ask me, not exactly selling themselves. I did do a few more but all went very "cold" on hearing that the estimated power of the engine is now 400bhp. It seems that "modified" in the eyes of some insurers or brokers means "body modifications" as when I stated that the car was in factory standard condition in terms of the body, and the modifications were only in terms of the mechanics, there were lots of hums and haws and deep intakes of breath . So hopefully that is it for the next year. I'm happy with the service and quote from A-Plan which gives me a few more £'s to do the next stage Maybe next year I'll try again with the agreed value policies. Last edited by ITSt; 13th May 2008 at 11:10 AM.