Volvo 480 Club Europe

Hi all

It seems the insurers will reimburse you in case of an accident "based on the market value". Now, I know that our cars are worth a Million Dollars but the insurance company would take a dim view on this.

I know I paid £1400 for mine and that when I am done with it the total amount will probably be twice that but if someone was to sneeze on it I think I would get nothing.

Have you had your cars valued by a third party? Is there a way around getting the equivalent square root of nothing ?

You can get classic car insurance for the 480. The problem, of course, might be whether you are using it as your daily car or as a "high days and holidays" only car.

Mine is on classic insurance, limited annual mileage of 3000 miles per year, and an agreed insurance value.

Question of shopping around, I think...

David

Could you PM me how much you pay or which company you use?

frenchfries wrote:Could you PM me how much you pay or which company you use?

Sure - PM on its way...

David

It can be a worry when they value the car against the market.

I had a problem about 10years ago when they under valued a car I had written off. there were plenty similar cars on the road but mine had a rare engine. so I had to find adverts to justify a higher value. They didnt like it but had to give me the higher value eventually.

If this happened with the 480 you would struggle to find any for sale to compare. The other thing is that they reduced the payout for every 10,000 over average miles by £100.

They have also given me a higher excess on older cars.(£50 for my s60 and £150 for rover 216) the reason given is that the car is rare and more expensive to repair, even though i pointed out that they wouldnt actually repair it in the event they refused to budge.

i am insured with greenlight insurance - a specialist insurer for motoring enthusiasts which includes modified cars ect!

i have spent far too much on my 480 and have it insured for an agreed value of £10,000 (a bit more than ive spent and no where near what i would value it in sentiment)

i have 5,000 miles per year on my policy, like for like replacement on all parts including modifications (which i have an extensive amount of...)

i'm 21 with 1 years ncb on this policy and a claim against me in 2014 and i pay between £650-700 a year (cant remember the exact amount)

i'd give them a call if you want they really are a great company to talk with over the phone, they do not do online quotes so that they can tailor a price to your needs

Got two of my cars through greenlight - no problems so far!

jifflemon wrote:Got two of my cars through greenlight - no problems so far!