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The point is though, you are tied in with the insures who do recognise the named driver NCB so less choice when you shop around, also, if you stay with that same insurer for a couple of years and then move, you are not going to have any actual NCB in your own name. The difference between a...

'Named driver NCB' isn't recognised by most insurers so be very careful with that

Get your own policy and build your own NCB rather than being a named driver, especially if it is your car!

Feel free to get in touch, tel: 01707 642552 http://www.skyinsurance.co.uk/car-club-insurance.html

The more modified the better as far as we are concerned. ;) http://www.skyinsurance.co.uk/modified-car-insurance.html

^

You'd have more chance of locating a unicorn. No insurer is going to value the car at £30k. The maximum Sky would offer an agreed value at is how much the car would sell for, including modifications, in today's selling market to a like minded car enthusiast. It is down to the customer to show...

If you can find an insurer to value it at £30k, yes.

An agreed valuation is exactly that, in the event of a total loss, you are paid the full agreed value figure minus policy excess (if applicable) The write of threshold is around 60% so if the value of claim on a £10k agreed value is higher than £6k, it will most likely be a write off

Sure, the write off threshold is usually around the 60% mark.

The money has to come from somewhere unfortunately.

NeX, unfortunate as it is, to my knowledge there is no product available which will put you back in the same position finacially if you had a claim and had to start again.

We've got a claim running at well over £1million and still ongoing, that's probably the whole of Micra Sports members annual premiums there for a number of years.

I was speaking generally. Like for like cover on modifications definition - as it says on the tin really, any modifications are covered on a like for like basis up until the write off threshold is reached.

You raise some valid points but again, car insurance isn't on a new for old basis. Personally speaking, I am not at all concerned about losing money if I was crashed into or the Mr2 was to be stolen, it's just the way it is, I accept it. I'd just move on to the next project. I haven't spent...

Sorry, one thing I neglected to mention is salvage retention, if possible, always push for this as you can break the car down and recoup you 'investment' that way.

Re moose comment, you need to watch Red Dwarf X ;)

No, if you're above board, an insurer is unable to 'screw you'. The people I find who band this saying about are usually the ones who usually non-declare or are less than truthful when obtaining insurance quotes, eg they lie about convictions, then have a claim, claim is void and they forever...

From a hateful insurers perspective, where to you draw the line? Do you just keep adding up the purchase price of the car + modifications + fitting cost ? I'll use my MR2 as an example: 1988, paid £3k for it, I've spent another £11k at least, so the value is £14k? Ha ha ha, no...

:D