FREE AGREED VALUE WITH HERITAGE CAR INSURANCE
Agreed value is an essential element of your classic car insurance policy. If you have to make a claim against your car, this ensures you know the exact payout you’ll receive. No surprises, just complete peace of mind. We offer agreed value free of charge to all our classic car insurance customers.
WHAT IS AGREED VALUE CAR INSURANCE?
With agreed value car insurance, you and the insurer agree what your vehicle is worth when you take out the cover. This agreed value is locked in for the life of the policy. If you don’t have agreed value, any claim you make would be settled at the market rate value of your car at the time of the claim. As cars can depreciate over time, this means you could end up losing money against the original value of your vehicle.
ASK US ABOUT FREE AGREED VALUE
At Heritage, we don’t charge for agreed value. You can get the agreed value of your car written into your policy for free, giving you peace of mind that if your cherished vehicle is written off, or stolen and not recovered, you know exactly what you’ll be paid out.
Free agreed value car insurance with Heritage can also give you the option to make adjustments to the value of your classic car mid-term, should its value go up during the course of your policy.
Not sure if you have agreed value on your classic car policy? Give us a call on 0121 248 9229 and our friendly team will be happy to help you, or send us a message. If you’re a new customer, get in touch for a free agreed value car insurance quote.
HOW DO I GET AGREED VALUE ON MY CLASSIC CAR INSURANCE?
Just let us know when you take out your policy that you’d like agreed value. We can agree values up to £30,000 readily in-house; if your car is valued over £30,000, we’ll request six photographs to be sent to us. Your photos will need to include:
- passenger side
- driver side
- engine bay
We may also request a mileage reading for the vehicle.
WHAT CARS CAN BE COVERED?
Our agreed value car insurance is most popular for classic cars. Classic car values can fluctuate depending on market trends. Availability, rarity and changing fashions can all impact the market value of your classic. Agreed value removes the uncertainty this can create around what you’d be paid in the event of a total loss claim.
We’ll also protect the agreed value of:
- Campervans and motorhomes
- Modified 4x4s
- Performance cars
- Ex-military vehicles
- Classic bikes and motorcycles
- Kit cars
With our agreed value car insurance, we offer a salvage retention option. So, if your car is written off, you can buy back the vehicle at scrap value and this is deducted from the agreed value payout.
If your vehicle is deemed a ‘write–off’ because fixing it would cost more than its worth, the salvage retention option allows you to keep it. But please note, if the damage is too severe (leading to an ‘end of life’ declaration), or if the car can’t be legally driven again, keeping the wrecked car may not be possible.
Send us a message to get in touch with us. We aim to respond to all queries sent before 5pm the same working day in the week, and the next working day if you message us in the evening or at the weekend.