I learned today that what I thought was an “agreed value” insurance is nothing of the sort. I was previously with Haggerty but they told me that they would no longer do agreed value.
My current broker says that insurance underwriters will no longer countenance such policies but I should be ok as the policy is “Lotus specific” and I will be dealing with people who know what’s what if the worst happens.
I can’t say I am completely reassured.
Have you tried Kim Eaton at ROUTEN CHAPLIN ?
or try RH INSURANCE and ask for ‘rebuild’ cover…(which is not the same as agreed value)
No connection etc…
Right just to update everyone and make the post a little more complete. Club Lotus have valued the car at �29K, but I have found the same as Thommo when speaking to brokers. Agreed value is basically a thing of the past as the underwriters will no longer cover it due to fraud reasons. So once again the insurance companies (or at least the underwriters) screw us over! 
It is still possible to get agreed value, but only on cars that haven’t been modified and are on a classic policy, so no use to me!
In the end I went with ‘Henderson Taylor’ as they seemed to know more about the car and Matt assured me they would pay out more than the 22K that REIS would, although even he admitted (jokingly) he could just be saying that! So I�m still not 100% happy, but having tried all of the suggestions put forward I felt it was the best I could hope for. One good thing is ‘Henderson Taylor’ were one of the best quotes and they included unlimited track days!
Are they the underwriter or just a broker?
Taylor Henderson are just a broker. Matt said he would be very interested in any underwriters that would do agreed value as he didn’t know of any. He knew lots that used to though!
OK so it’s hard to see any comment by them having any real value is it? It’s the underwriter that will be dealing with a claim?
I presume in the event of a claim it is the broker who argues your case. So if they no more about the car and it�s specific market they should be able to get you a better deal by putting forward a better case. Like I said I’m not 100% happy, but it seemed to be the best I could find, if you know of a better way to go I�m more than happy to look at it next year!
Sorry not knocking what you are saying or doing - I have had experience of dealing with an insurance comapny in the past on a total write off and didn’t get the value I wanted at first. I had to reject two offers and then provide them with evidence of value from for sale ads before getting nearer to the price I wanted.
Sorry I didn’t mean to come across as having a go at you and I agree with what you’re saying. Unfortunately unless someone with any power stands up and says to the underwriters that they’re not being fair as they always pay out too low a figure, what can you do? It really shouldn’t be this hard. All I want is to know that if anything happens that I end up with a car that is the same as before the incident! I would happily pay more (and I expect others would) for the peace of mind.
Hey we’re good
Hopefuilly these guys you are now usng will be different but I’ve never had a broker get directly involved in the claims side after they sold me the policy.