The value of your classic car or classic motorcycle that you specify for your Sum Insured must be realistic for a vehicle of that age, mileage, condition and history, taking into account any special features or modifications. It needs to be the value of the vehicle as it currently stands, and may not be the same figure that the vehicle was purchased for or that has been spent on restoring or modifying it, as either of these two figures could be significantly higher or significantly lower than the vehicle's true value.

If the requested Sum Insured value doesn't match what we expect the car's current true value to be, we may request more information or photos, or we may request an independent valuation to be provided that validates the value of the vehicle.

In order to protect against insurance fraud, the Agreed Value Sum Insured on your vehicle must be within 20% of the vehicle's market value. And the policy's Sum Insured has a large impact on the premium that you will pay and what you would receive if your vehicle was ever written off or stolen, so it is very important to make sure that we all agree to the correct value for your vehicle.

Please note that if your vehicle's current value changes, you can adjust your insurance policy's Sum Insured at any time by calling us. We will also send you a reminder when your car insurance policy comes up for renewal, and this is a good time to review the Sum Insured value you have listed. If it is a significant change (such as when you finish a restoration or modification), then we may request updated photos before we can agree to the new Sum Insured.