Agreed Value Insurance
Just Kampers Insurance can provide you with an Agreed Value policy on any classic, modern (vehicles over two years old) or modified vehicle. It is important to consider an agreed valuation as in some cases, for example, with a recent restoration or upgrade, the listed market value may not reflect the true value that could be reached if you were to sell the vehicle.
For an agreed valuation to be approved, customers are required to supply several photographs and receipts for parts and labour which provides evidence of any improvement, upgrade or restoration work undertaken on the vehicle. Whilst this applies to both classic or modified campervans, for car insurance the types of modifications and classic models are likely to vary.
The purpose of evidence is to ensure accuracy in selecting the sum assured against modified parts, or model type, that brings value to your classic or modified vehicle. As your vehicle is likely unique, it’s important to ensure your policy recognises its full worth.
Varying between insurers, evidence typically includes:
Photos of your car
Insurers will specify the kinds of photographic evidence required, and the shots necessary to evaluate your vehicle’s true value – this may involve photos of the interior, exterior, engine, and other modifications.
Bills of recent / existing work
It’s essential to support the value of your vehicle through authentic receipts of work that directly express worth of labour / parts. This will also help to indicate the kinds of unique works that have been applied to your car.
An evaluation from an accredited expert
A paid inspection that captures, beyond photography, the worth of your vehicle – from an independent, accredited expert.
Unlike traditional policies, Agreed Value is mostly for classic campers or modified ones.
These policies are typically harder to find because they are designed to protect campers or cars above the average marketplace value.
Your policy will carry a sum assured or amount payable in the event of total or partial misfortune.
It’s important to accurately provide details and evidence of your vehicle to ensure the policy protects its true value.
Agreed Value Camper Insurance
These kinds of policies carry a guaranteed sum, that covers your vehicle in the event of a total loss. Agreed value policies, specifically, are for vehicle owners of a car that exceeds its average market value. In the scenario of a misfortune, your vehicle is covered beyond the average market value, securing its unique worth.
Uncommon to the market, Agreed Value policies tend to be more specialist and are aimed at classic, performance, or modified campers. This policy ensures that, in the scenario of costly misfortune, your camper’s value is safeguarded and recognised. This policy not only minimises your risk but boosts your coverage and confidence against fluctuating markets. Agreed Value can make your vehicle feel more like a secured investment.
For Modified Campers
If your campervan has been modified, it’s important to declare any changes to your insurer. The full list of these modifications is captured in your insurance policy for modified campervans. Unlike a car, a campervan can be modified with a host of changes, from cosmetic to internal ones, including paintwork, to seating and storage, or window work. Having an itemised, and accurate, inventory of these modifications captured in your policy is an essential step in insuring your modified campervan.
A policy with an Agreed Value certificate can further capture the costs involved with modifying your campervan. Agreed Value for modified campervans can protect the true value of your vehicle from costly damage.
For Classic Campers
Agreed Value benefit is especially useful for classic campervans as your car likely holds its value longer in time, if not it increases with age and rarity of the model. Unlike a modified one, your classic camper may be more valuable depending on its age and model, which could make it a collectible.
It’s worth considering an Agreed Value policy if you drive a classic camper to guarantee its market value and protect your asset against costly misfortune.
Agreed Value Car Insurance
If you choose to insure with an Agreed Value benefit applied to your policy and your car is, unfortunately, subject to a total loss, then any offer made will be based on the Agreed Value, rather than a current market price valuation.
Unlike conventional, blanket-style policies, an Agreed Value certificate is designed to recognise and control the true value of your classic or modified car. Not every policy will capture the full worth of your vehicle, and conventional insurances can feel underwhelming in safeguarding any classic or modified car.
If you’ve invested in your vehicle to withstand depreciation, then you’ll need a policy to help keep a record of its value.
For Modified Cars
Technical or cosmetic modifications can transform not only the look and feel of your modified car, but the value will increase too. Your car isn’t standard, so how can a conventional insurance policy cover it?
With a modified car, it’s imperative your Agreed Value certificate captures all of the changes to your vehicle and evidences the value of that work. Anything missing from that checklist and your vehicle is at risk in the scenario of misfortune.
For Classic Cars
Unlike modified cars, which gain value from new parts, a classic car is likely to increase its worth depending on its level of heritage, its working condition, and its pedigree. If you own a classic car that is above the average market value because of its rarity or condition, then an Agreed Value policy can help safeguard your collectible.
This applies to heritage, collectibles, and other classics, as an Agreed Value certificate will transform your policy from standard insurance into a more bespoke item that captures value hidden in the detail of your vehicle.
Find a Policy For You
If you’re finding it hard to get a policy that fits your vehicle’s true worth, or just want that added confidence that your classic car – such as a VW – is taken care of, get in touch with Just Kampers Insurance today. Once the relevant evidence has been easily submitted to the team at Just Kampers Insurance, we’ll review and, if approved, we will send you an Agreed Value certificate.
We only debit the payment when you return the fully completed Agreed Value application to us.
If you would like to talk to the team about an Agreed Value policy please call 01256 976165 or click on Get a Quote for an instant online quotation or use our web call back service.