Are agreed val­ues ac­cepted by third-party in­sur­ers?

Classic Car Weekly (UK) - - This Week -

If you hap­pen to be in­volved in a non-fault claim, the third party’s in­surer may not nec­es­sar­ily recog­nise an agreed value, which is why you should al­ways ap­proach your own spe­cial­ist bro­ker for ad­vice. In the event of a to­tal loss sit­u­a­tion, the third party may choose to pay a lower mar­ket value only, but your own in­surer will, in all like­li­hood, top that fig­ure up to match the pre­vi­ously de­ter­mined agreed value, less any stip­u­lated pol­icy ex­cesses. It’s worth re­mem­ber­ing, too, that his would not af­fect any ac­crued no claims bonus.

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