Insurance

[kingsley]

Insurance I know this has been discussed before. However I had 4 cars on Admiral Multicar policy.. yes I had seen the adds on the tele....and the NSX was with Hagerty which has been for 4 years. Insurance time with Admiral recieved the renewal quote and jumped up £702 .97. Was informed that is the market place ..... Shopped around and with 4 individual car policy's with Be Wiser saved nearly a thousand pounds . £288 from the last year quote and £702.97 from the increase this year. NSX is due now and Hagerty sent me the renewal and to be fair suggested that I increased the Agreed Value. The cost from them was £475.68 with restricted mileage of 2,000. Phoned Classic Line with restricted 3,000 anual mileage and the same benefits as Hagerty was quoted £270.24. I have sent an email asking them to check if that is correct. That is a saving of £200. Is it too good to be true. I have a couple of weeks to shop around. Most important for me is agreed value which a lot of companies don't offer

Kingsley

[NSXGB]

I'm with Classic Line and think I paid ~£300, that includes euro breakdown cover too. Mine is restricted mileage of around 3k. Underwriter is Red Star from memory.
For the approved value you have to submit 6 recent photos including instrument cluster showing mileage and pay £20 'processing fee'.

[kingsley]

Many Thanks for that. Sounds the same. Underwriter is Red Star. Big difference it price . Just sometimes.... if it sounds to good to be true..........You have put my mind at rest. Will go ahead and save £200.

Kingsley

[NSX100]

I switched to Classic Line too a month ago. Excellent. Immediate agreed value and 5,000 miles per annum for £300 and it includes breakdown cover. Hagertry would not even give me a quote and another supposedly specialist firm mentioned on the forum quoted £750.

[goldtop]

Got a renewal at £310 from the "Ohh Yes" dog this month. Called around and found £165 for 6000m (1000m more than previously and including business use).

IMHO, it's a bit daft to get agreed value insurance when the price of NSXs is appreciating. To quote one: "agreed value is an insurance contract under which the insurer agrees to pay the insured a stated amount in the event of the total loss of the property insured without any adjustment for depreciation or appreciation".

[Crockefeller]

I asked my insurer about agreed value and they said any appreciation wouldn't be covered in the event of loss. They said that a normal policy with market value also wouldn't cover the appreciation as the premium you are paying is based on the market value at the time the policy is taken out.

They said the only way to be covered on an appreciating vehicle is to have agreed value and update that value every few months/year.

if anyone knows differently I'd be interested to hear. I'm with Classicline too btw.

[unclebob]

£165?!! who on earth quoted that? fully comp?

[Problem Child]

Insurance I know this has been discussed before. However I had 4 cars on Admiral Multicar policy.. yes I had seen the adds on the tele....and the NSX was with Hagerty which has been for 4 years. Insurance time with Admiral recieved the renewal quote and jumped up £702 .97. Was informed that is the market place ..... Shopped around and with 4 individual car policy's with Be Wiser saved nearly a thousand pounds . £288 from the last year quote and £702.97 from the increase this year. NSX is due now and Hagerty sent me the renewal and to be fair suggested that I increased the Agreed Value. The cost from them was £475.68 with restricted mileage of 2,000. Phoned Classic Line with restricted 3,000 anual mileage and the same benefits as Hagerty was quoted £270.24. I have sent an email asking them to check if that is correct. That is a saving of £200. Is it too good to be true. I have a couple of weeks to shop around. Most important for me is agreed value which a lot of companies don't offer

Kingsley

Based on the discussion you and I had Kingsley I called Classic Line and got the following quote: 3000 miles, UK and EU coverage, Event coverage; SDP& commuting; agreed value (£65k to £85k). £305. Sounds good but I am unsure about values. Lots of NSX's for sale (mostly really early ones) on PH and autotrader etc. Whats the current thinking on values?

[Senninha]

All, its that time of year again and I'm reaching out for guidance ref valuation as various companies are making different offers dependant on valuation.

98 3.2 Targa in Magnum Grey 66k

Thoughs please

Thanx Paul

[NSXGB]

All, its that time of year again and I'm reaching out for guidance ref valuation as various companies are making different offers dependant on valuation.

98 3.2 Targa in Magnum Grey 66k

Thoughs please

Thanx Paul

CCl & Classic Line seem to be the best for most. If you are planning a euro trip Classic Line include euro breakdown which is worth a few quid on its own.