Herts Insurance Consultants launches online 'agreed value' tool

Specialist motor insurance broker Herts Insurance Consultants (HIC) has introduced an online version of its 'agreed value' insurance scheme to make the process easier.

Motor enthusiasts who have spent money on modifying or restoring a car often need to negotiate a value with their insurer, to make sure it is insured for enough in the event of a claim.

But agreeing a value with an insurer has often involved a lot of phone calls, emails or letters, and even individual inspection - all taking up a lot of time, HIC said.

"We've decided to 'call time' on this long process and make the agreed value system easier to do - totally online," says Andy Morton of HIC.

"We can do it with almost any vehicle and it won't involve many questions, just sight of some photos - which can be uploaded via the HIC website - and an explanation of your valuation."

An agreed value has an additional charge of £11.75 if you do it online, or £15.75 if you do it in the traditional 'offline' way.

Agreed value is not only useful for write-offs, Mr Morton says. "Typical cases can include theft or vandalism, where the vehicle might be recovered in a sorry state, and repairs could involve specialist work beyond what a normal workshop will provide."