Agreed valuation insurance

[Karen Harding]

Has anyone taken out an extended valuation insurance and received a satisfactory assessment?

 

[gvick]

No ? - is that when you pay extra to have a guaranteed settlement figure in the event of a total loss of your Cali?
May I ask why you are considering?

 

[Nick.C]

I took out gap insurance that makes up the difference between an insurance pay out for total loss and the amount I paid for the van. It was a single payment (about £400) and lasts for 4 years. Like all insurance, I hopefully won’t need to use it, but felt it gave me piece of mind.

 

[Karen Harding]

No ? - is that when you pay extra to have a guaranteed settlement figure in the event of a total loss of your Cali?
May I ask why you are considering?

Yes took it out because the book payout price is ridiculously low. Just wondered if anyone else had and thought it worth it

 

[GSX1300R]

On my insurance it specifically states “ market value “ and to replace with another vehicle of the same type, year and mileage....Because of the very low depreciation on the California it’s can’t be classed like a car that looses huge amounts even in a couple of years....

 

[WelshGas]

Yes took it out because the book payout price is ridiculously low. Just wondered if anyone else had and thought it worth it

Can I ask which “Book” you are using to get your payout price from?

 

[Michael&Louise]

I took out gap insurance that makes up the difference between an insurance pay out for total loss and the amount I paid for the van. It was a single payment (about £400) and lasts for 4 years. Like all insurance, I hopefully won’t need to use it, but felt it gave me piece of mind.

Can you tell me who you got this from please

 

[Nick.C]

Can you tell me who you got this from please

It was Admiral. I had to ring around as many would not cover Campervans. Make sure you say it is a VW California when you first ask. I think you have to take it out within 3 months of purchase, but not sure. It covers a claim up to £25k for the gap between the total loss insurance pay out and the invoice price. It cost £374 which I thought was pretty good for 4 years and much cheaper than the VW dealer quote

 

[Karen Harding]

Can I ask which “Book” you are using to get your payout price from?

I mean insurance companies valuation, not sure where they get their figure, but it’s thousands lower than the Cali is worth. They offered extended cover (not gap) for a premium, but I feel this still falls short.

 

[Karen Harding]

Can you tell me who you got this from please

Thank you this looks a better option