ADMIRAL
We are writing to you regarding your vehicle MAZ XXX which is currently insured under a classic car policy on an agreed value basis. What this means is if your vehicle is written off or stolen and unrecovered you would receive an agreed value which is confirmed on your agreed value certificate.
With effect from 06/09/2024 we will no longer be offering agreed valuation on the registration listed above.
From renewal, should your vehicle be written off or stolen and unrecovered you will receive market value. Market value is the cost of replacing your car, with one of a similar make, model, year, mileage and condition based on market prices at the time of the loss. Any other classic cars on your multi car policy will be removed from the agreed value scheme at their next renewal.
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Think I’ll try the OC scheme in September when due.