Agreed Value insurance with you regular insurer

[supersebbo]

Another insurance one..

Speaking to a few friends of mine who bought new cars about GAP insurance, a couple of them said they didn't get GAP insurance and instead had 'agreed value' cover from the their regular insurer. Essentially when they called up to get insurance on their new car, they asked for it to be insured for a specific amount - regardless of the age/state of the vehicle. Apparently this is an option most insurers will offer if you ask, I had no idea. Obviously it's more expensive - but they have cars considerably cheaper than the Z so I can't really get a good comparison.

Has anyone here done this?

 

[mmm-five]

Some will agree to it, but will want proof (photo's, independent inspection/valuation) when you claim. Which usually means they get to wiggle out of it as you haven't bothered getting the proof/documentation and thus don't have it when you've written the car off.

BMWCCGB have a valuation service that you can take advantage of to support your claim, but it's better to get all this done before you need to claim!