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Thread: Agreed value insurance

  1. #1

    Default Agreed value insurance

    P1 NSX comes up for insurance renewal in a few months time. I have been with Footman James for the last five years with an agreed value. However I will need to have the car re-valued this time and it was a nightmare getting it done 5 years ago. All my local (Bournemouth, Southampton) Honda main dealers would not provide the required written valuation claiming they were not NSX specialists and therefore could not value the car! In the end I got the required documents from a fellow NSX club member who worked for Chisick Honda in London. I understand he has long left.
    Who are the best (with the least intrusive requirements) agreed value insurers and how do I go about getting the required valuation.
    Many thanks all.

  2. #2
    Join Date
    Apr 2004
    Location
    West Sussex
    Posts
    4,537

    Default

    Try Competition Car Insurance.
    WRT the valuation, I have an agreed value with them - told them how much it was worth with declared mods.
    I would imagine that in the event of any claim with any insurer though, whether you have a professional valuation or not, you will still have to negotiate the final value based on vehicles currently for sale or recently sold.

  3. #3

    Default

    I'm with ClassicLine - they would only agree value for two years (which means it's nearly due, actually), but the process wasn't TOO difficult.
    "No man with a good car needs to be justified"

    Blue '08 FD2 CTR - big, ITR-sized shoes to fill...
    Yellow '96 NSX 3.0 - oh was it worth the wait!
    Black '99 ITR - well, I had to have another one, the first was so much fun. Miss this one even more than #1...
    Blue '03 S2000 - SOLD, flawed but fun
    Blue '04 Focus TDCi Sport - SOLD, very good fun for a diesel!
    Black '00 ITR - SOLD, still missed
    Red '98 Civic VTi - SOLD, probably still bombproof

  4. #4

    Default

    Competition car ins, really easy to work with ...

    Have you tried doing an HPI on your NSX? This is what I did as I purchased privately and CCI were happy to accept with 6 photos of the car. They used to prefer modified cars but I don't know if this is still the same.

    Premiums are sensible too

    Regards, Paul
    Senninha

    'Too many manufacturers today are obsessed with lap times and power outputs at the expense of emotion and fun' Colin Goodwin

    S2 is signed by the NSX Project Leader Shigeru Uehara

  5. #5
    Join Date
    Nov 2009
    Location
    colchester
    Posts
    438

    Default

    I use Hagerty who are knowleable with the NSX, with agreed valuation and required photos of 4 exterior corners, speedo , interior and engine bay.

  6. #6

    Default

    Thank you all, looks like I will be busy checking out the insurers recomended.

  7. #7
    Join Date
    Apr 2004
    Location
    West Sussex
    Posts
    4,537

    Default

    Quote Originally Posted by L696ULO View Post
    I use Hagerty who are knowleable with the NSX, with agreed valuation and required photos of 4 exterior corners, speedo , interior and engine bay.
    I'd be interested in whether Hagerty offer trackday cover and are receptive to a few modifications which is the thing I like about CCI...

  8. #8

    Default

    I have an agreed value with ClassicLine also. Spoke to Darren Coote over the phone and then emailed him a number of hi-res pics, along with scans of the service book and my purchase receipt from the previous owner. Agreed value is £45K (a little more than I paid for the car last year). Valuation will be reviewed every two years (Darren believes it will go up slowly).

    HTH.

    Mani.
    2003-2011: S2000
    2011-2015: LBBP Coupe
    Present: 911 50th Anniversary Edition

  9. #9

    Default

    I'm also insured with Classicline insurance and have renewed today BUT the value of the vehicle is NOT currently agreed. They state I have to obtain a written valuation from a recognised car club, assessor or valuer. Is NSXCB a recognised car club and if so, can anyone provide a valuation?

    Cheers,
    Mathieu

    1996 NSX-T Manual ex Honda press car
    2014 Jaguar F Type coupe 340 LHD (Now sold)
    1996 MG RV8...only 14K miles
    1977 Ronart W152 S6....sounds like half a spitfire!
    1966 Ford Mustang Coupe GT K code
    1963 Volvo P1800S...immaculate in black/red

  10. #10

    Default

    Quote Originally Posted by matpp View Post
    I'm also insured with Classicline insurance and have renewed today BUT the value of the vehicle is NOT currently agreed. They state I have to obtain a written valuation from a recognised car club, assessor or valuer. Is NSXCB a recognised car club and if so, can anyone provide a valuation?

    Cheers,
    Hi Mathieu,

    I used HPI service to obtain a valuation and this was accepted by the Insurance company.

    HTH,

    regards, Paul
    Senninha

    'Too many manufacturers today are obsessed with lap times and power outputs at the expense of emotion and fun' Colin Goodwin

    S2 is signed by the NSX Project Leader Shigeru Uehara

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