Insurance question

[ChevronB19]

Hi folks - last year I paid £280 for storage and transport insurance on my 105E Anglia. I wasn’t happy with the company, so this year I’ve changed to Reis, following recommendation on here.

It’s a little bit cheaper, and has better terms and conditions, including free agreed value (my car cost about 80k to build, which I rush to say I didn’t pay, and I value it at 25).

However I still think this is excessive, given it’s not a ‘nickable’ car, it’s only for fire, theft and transport (not cover when being raced). Surely the risk is very low, but I was paying less on a road going Porsche on 10k per annum?

Are there any better options, e.g. cover under house insurance (which would cover it while it’s in the garage, but I want cover while I’m transporting, so I guess due to distance from house it wouldn’t cover this) or get classic car road cover (as suggested by a friend), however in the latter case my car isn’t road legal (tyres, lights primarily) so I guess that would invalidate the insurance.

All thoughts welcome!

[kiethton]

Cars like that are highly nickable, with a lot of non-descript, valuable and in demand parts.

<£300 is a billy bargain considering it’s potentially an £80k claim

[ChevronB19]

kiethton said:

Cars like that are highly nickable, with a lot of non-descript, valuable and in demand parts.

<£300 is a billy bargain considering it’s potentially an £80k claim

Fair point, yes, I forgot about the sum of the parts.

[ChevronB19]

Edit to add, a friends Lotus Cortina was stolen, and found by him and some friends being stripped for parts to build into a Mk1 Escort.

I won’t go into what happened, but the police were very sympathetic!

[BertBert]

kiethton said:

Cars like that are highly nickable, with a lot of non-descript, valuable and in demand parts.

<£300 is a billy bargain considering it’s potentially an £80k claim

If the agreed value is £25k, how would a claim of £80k work?
Bert

[ChevronB19]

BertBert said:

kiethton said:

Cars like that are highly nickable, with a lot of non-descript, valuable and in demand parts.

<£300 is a billy bargain considering it’s potentially an £80k claim

If the agreed value is £25k, how would a claim of £80k work?
Bert

I’d only make a 25k claim. Car is worth around that in bits, (ok maybe 35] it would be the labour taking it to 80. I’m getting an agreed value from the series.