Howdens Thatcham & Evesham advised they would be insure the van as a day van or van in conversion but on "Forecourt Value" (not Agreed Value) with Markerstudy as it's used daily and up to 10k miles. The manager said if the worst happens then the insurer/Howdens (I'm not sure) call their 'forceourt dealer' to confirm cost of a replacement vehicle i.e. similar year, mileage, modifications etc and that cost is the settlement amount in th event of a claim i.e. if the van was £70k and mods were 10k, then insurer would pay out £80k
Howdens said as T6.1s aren't made anymore, it'll probably costs more £££'s to replace than my declared value, and so Forecourt value is better than agreed value, as under Agreed value it could pay out less than it costs to replace thevan with mods etc.
I was advised to keep details of similar vehicles, mileage, condition etc just in case the orse should happen. Does this sound like market value policy and with needing evidence of replacement van values, in order to assert replacement value in the event of a claim....
I don't know enough about the differences to know if Forecourt value is better than agreed value. I'm not buying the van for an appreciable asset. Just to be able to replace the van should the worst happen
Just Kampers (Aegas with Trinity bolt on Agreed Value) with all mods declared is £635 inc Agreed Value and £750 excess reduced to £250 with excess protection. My van won't be a camper van, only plan to fit fold out bed, a fixed table, fit swivel seats, fully carpet and insulate.
Howdens is £740 with 'Forecort value' and £1000 reduced to £500 excess with excess protection.
Anyone else have a Howden Insurance policy with/experience of "Forecourt Valuation"??
Howdens said as T6.1s aren't made anymore, it'll probably costs more £££'s to replace than my declared value, and so Forecourt value is better than agreed value, as under Agreed value it could pay out less than it costs to replace thevan with mods etc.
I was advised to keep details of similar vehicles, mileage, condition etc just in case the orse should happen. Does this sound like market value policy and with needing evidence of replacement van values, in order to assert replacement value in the event of a claim....
I don't know enough about the differences to know if Forecourt value is better than agreed value. I'm not buying the van for an appreciable asset. Just to be able to replace the van should the worst happen
Just Kampers (Aegas with Trinity bolt on Agreed Value) with all mods declared is £635 inc Agreed Value and £750 excess reduced to £250 with excess protection. My van won't be a camper van, only plan to fit fold out bed, a fixed table, fit swivel seats, fully carpet and insulate.
Howdens is £740 with 'Forecort value' and £1000 reduced to £500 excess with excess protection.
Anyone else have a Howden Insurance policy with/experience of "Forecourt Valuation"??
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