Agreed value and write offs

Can anyone confirm the situation with getting an agreed value on a mk1 for a classic insurance policy? I know my car's way down there in the scheme of things but I would like to know that I can get back for it what I've truly lost should the worst happen (i.e what I paid for it plus what I've added on/improved/repaired etc).

First of all what do you have to do to prove its value? Is it a case of taking 'book' value and then adding on and proving what you've done to it with photos to make it more valuable?  

And secondly, if it was involved in an accident and you were told it was a write-off (pretty common for even minor accidents it seems), do they always pay you the previously agreed value in full on fully comp?

Thanks for any advice

This was discussed at the AGM, we came to the following vague conclusions:

1. We can't offer a valuing service since to properly value a car, you need to see it in the flesh, not just photos of it
2. Insurers would normally accept  an owner's club's valuation of a car and pay out on it. To help out, I think we're going to make a version of the price guide available with the new chairman's signature on it.

I know that agreed value is just that - if you pay the "premium" to have agreed value, so long as its under ?10,000 or ?15,000 or something, your own valuation (they might have a form asking for details, and pics) is good enough and then they'll cover you for it, so if it was a total loss they'd pay you that money.

Personally I've not chosen agreed value, because I feel I'd be able to successfully claim the car's market value, since we have this club stuff above to generally support and confirm the market values.

My citigolf is an agreed value of ?4000 all i needed was 6 photos,one of the chassis,my TD is agreed value of ?3000 with 6 photos,the policy has a limited mileage of 2000 but i probably wont do that many in either of them  :wink:
Bert

I haven't found the true book value yet either. In practical classics for example it's apparently worth ?500, but that's probably based on a petrol model, as it just says 1588cc non GTi. My car isn't included in this site's price guide, as it's a non-GTi greater than 1300cc with 5 gears, now in condition 'D'. Not even listed  :cry:

Diesel-dubber said

I haven't found the true book value yet either. In practical classics for example it's apparently worth ?500, but that's probably based on a petrol model, as it just says 1588cc non GTi. My car isn't included in this site's price guide, as it's a non-GTi greater than 1300cc with 5 gears, now in condition 'D'. Not even listed  :cry:

I'd say add another 5% for 5 speed, so it would be ?550 (condition D needs respray). If it were resprayed, then it would be ?1375 (condition E).