RH Insurance to accept self-declaration of agreed value for ALVIS cars under £30,000.

RH Insurance to accept self-declaration of agreed value for ALVIS cars under £30,000.

Emma Airey, Head of RH, explains:

“Market value”
If your vehicle is insured on a ‘market value’ basis this means you will receive the vehicle’s current value up to the amount stated on your schedule (and not a penny more). The amount you receive could be less than the schedule amount if the current market value is less than the value you’ve insured your vehicle for.

“Agreed value”
If your vehicle is insured on an ‘agreed value’ basis, you will receive exactly the amount of money that the policy says your vehicle is insured for. This allows for more certainty but, particularly in a fast moving market, the importance of obtaining regular valuations and updating your ‘agreed value’ policy cannot be overstated as you will not receive more than the agreed value”.

The good news is you can now save time and money by ‘self-declaring’ the agreed value of your Alvis for up to £30,000 with RH Insurance.

Naturally, RH will need to see supporting evidence of value – recent sales, auction and results and advertised prices could all be helpful when researching the market – and each request is subject to an Underwriter’s approval.  While RH reserve the right to request a Club or Independent Specialist valuation should some further validation be needed, in the vast majority of cases it should be a quicker and easier route to the reassurance of an Agreed Value policy.

Contact RH for further details on 0333 043 3911 or email rh@ers.com