Insurance

[Kenny m]

Hi looking for advice on insurance. So the car has passed IVA and still is at Struans some work to be done onit and painting but I'm told I will need to get insurance now . I have never insured a Stratos before or any other kit car so looking advise , insurance companies recommended, what I need to know to tell them etc. Salvage, agreed value etc. Any help would be much appreciated as I'm new to this. I dont even insure our own cars Jayne does that.

[Ken Tomblin]

Hi Kenny

I use Hagety 0333 323 1181 value ?65000, RAC breakdown, renewal is ?337.00
If this helps

[Longtimefan]

Kenny, I used to use Classic Line but they became, in my opinion, somewhat expensive, so a couple of years ago moved to Footman James who were easy to deal with and much more sensibly priced.

I am aware that there are at least 3 Strato's replica insured through them, so they have the advantage of knowing the cars. You will probable need an Agreed Valuation Letter, and such an item can be issued on you behalf that satisfies the requirement by our Chairman, Norman as an official of the Club.

Robin

Started off with Adrian Flux for Build Insurance, but when it was complete I needed to shop around.

[LPH_UK]

I'm with Classic Line last year it was ?470 at an agreed value of ?70k.

Due in June so will shop around when it's up for renewal.

[Normb666]

Yo Kenny, yeah, insurance can be a tricky one. It seems to be different for everyone, even with the same insurer! So your best bet is to ring around and get a few quotes ("we will fight them on the beaches", "I have in my hand a piece of paper that guarantees peace in our time" and, that perennial fave, "what could possibly go wrong?"). I've just re-insured mine through MSM, so give them a call and mention me and the SEC and they'll probably turn you down flat. The guy there is Dave Spragg who's well up on Strat reps so at least he'll know what you're talking about! 01279 870535, to save you looking it up.
Some will require a Cat 1 alarm, some a tracker (I've got one from Autotrac, which costs a fiver a month), and if they want a valuation, giz a shout and I'm sure we can sort something that values your shiny new Strat at ?35K. ;)

By the way, you may find your valuation is somewhat higher than you expect - I think Leigh's is far too low - and your premium will reflect that figure....

[Kenny m]

Thankyou for the replies, I may have to ask you a few more questions but am not well today. So will be in touch. Kenny

[Guy Mayers]

Hope you're feeling better soon Kenny! I'm with Hagerty, renewal was ?360 odd but I updated the value to ?60k and it hit ?575. I've renewed but might shop around next year. I have heard others say Hagerty won't insure every car, some recent registrations might not be considered classics yet!

Guy

[StruanR]

Adrian Flux charged me ?281 this year for ?50k cover. Probably need to up that.

[StruanR]

Why do we get ? for a pound symbol?!

[renmure]

I'm under ?255 for an agreed value of ?130k with Footman James and 3k miles
They seemed pretty clued up about these type of cars.
Might need to up the valuation when the renewal comes round and, by the looks of it, lower the miles.

[Longtimefan]

I'm under ?255 for an agreed value

Jim, you are lucky. From my enquiries as to why quotations are somewhat expensive for my location, your postcode I am told is classed as one of the lowest risk areas in the land, and therefore premiums are somewhat less.

[Steve65]

Last month I changed from Classic Line to Adrian Flux saving ?40 on their renewal quote. ?195 for ?40k build insurance.

[renmure]

Jim, you are lucky. From my enquiries as to why quotations are somewhat expensive for my location, your postcode I am told is classed as one of the lowest risk areas in the land, and therefore premiums are somewhat less.

That's simply because we've nothing worth nicking!! :D

[Stratos Fear]

Last month I changed from Classic Line to Adrian Flux saving ?40 on their renewal quote.[/COLOR]]

I would echo Steve's comment. My insurance is up for renewal and I've got an opportunity to save 50 quid by making a switch from Classic Line to Footman James - with the exact same underwriter as before - Ageas . (quote was ?368)

[DAN@ADRIAN FLUX]

Hi.
Do please feel free to give us a try for insurance of you haven't done so already.
Regards,
Dan.

[Kenny m]

Thankyou again to everyone who has replied regarding insurance your comments are very much appreciated. I will be shortly calling around for quotes . I may need to contact one or two of you again but thankyou for the private information forwarded to me.

[LPH_UK]

Just had a quote form Footman James

Me and the OH as drivers
?90k value (not sure if I need more or less on that)
SDP and Commuting
Legal cover

Total of 388 quid.

Breakdown:
12 month policy = 281
Commuting addition = 40
Legal cover = 30
Agreed value = 12
FJ's arrangement fee = 25

Not bad. Renewal from Classic Line was 571 quid with a 70k agreed value, only me driving and no commuting.

[renmure]

Just had a quote form Footman James

Me and the OH as drivers
?90k value (not sure if I need more or less .

Have a word with yourself.
Even simply valuing your time for building it that must come in at less than one pound per hour!! :p

[LPH_UK]

Well...seeing as I'm a bit geeky I tried to keep a time log of the build. Up to the IVA re-test (after it failed test 1 ion emissions) I logged almost 1200 hours.

But quite a few of those were dismantling bits I'd already done and redoing them 'better' :rolleyes:

[Steve C]

Just tried to renew with Adrian Flux, upped value from ?40k to agreed value (TBC) between ?50k and ?80K: price went from ?260 with ?100 excess to near ?800 with ?700 excess....will be shopping around......

[LPH_UK]

OK - I need an 'independent' valuation on my car for insurance.

Not allowed to use LB as they are the manufacturer of the car.

Anyone got any suggestions as to who I can approach?

Thanks

[renmure]

Norm is yer official man for that.

[LPH_UK]

Cheers - I'll drop him a line!

[Normb666]

Just to set your expectations - the green ones with gold wheels aren't worth as much, especially compared to yellow ones. Or that's what I keep telling Richard :) :)

[renmure]

Just to set your expectations - the green ones with gold wheels aren't worth as much, especially compared to yellow ones. Or that's what I keep telling Richard :) :)

Are you going to tell him how much the value goes up with the quadpod fitted and that there’s a ?100 value added premium for each sticker?

[Normb666]

The quadpod fitting makes a car's value very tricky to estimate, because although they do add to it, it then drops dramatically if said pod should ever go flying off at some point. It's a tough one....

Values can also be affected by stickers, both up and down....f'rinstance, covering the car with "Mothercare" or "Ex-Lax" ones could actually make the car worthless. :)

[Steve C]

Try having Lancia England plastered on your car and living in Wales.

[LPH_UK]

Just to set your expectations - the green ones with gold wheels aren't worth as much, especially compared to yellow ones.

Just as I suspected.....

I've dropped you a pm.

[Kenny m]

I've just looked at today's posts cant believe I was speaking to you 20 minutes ago Norm about insurance and lampods lol ��

[Normb666]

I think it's that time of year where everybody's car's coming into season, or summat....I've had a couple of other requests as well....!

[Longtimefan]

What a fine mess your in Norm, sorry I started it for you.

[Normb666]

It's no bother, Robin. When it all gets to the stage where there seems to be stress looming, I just ignore everyone. Problem gone :)

[renmure]

I'm under ?255 for an agreed value of ?130k with Footman James and 3k miles
They seemed pretty clued up about these type of cars.
Might need to up the valuation when the renewal comes round and, by the looks of it, lower the miles.

Hmmm.
My renewal with FJ came in today.
The car details etc are all as before but the premium is up from ?255 to ?290.
Dunno if that's a because stuff has just increased in price this year or a reflection that I've moved from totally rural in the middle of nowhere to somewhere semi-rural with neighbours.

[Kenny m]

You probably still hold the record Jim for having the smallest quote, I will post later as to my findings but have been having a few quotes and I'll give a report on both prices but also the customer service.