Phone for a quote: 01480 484826

Agreed Valuation

We understand how much you value your pride and joy and we’d like to make you aware that your Classic Car Insurance policies could be extended to include our Agreed Valuation for just £18.00. If you’re interested in an Agreed Valuation with Lancaster, or would like to find out more, please read the important information below and either call us on 01480 484806 or send us an e-mail at

In the event of a total loss claim, the amount paid will be the sum agreed on the current agreed valuation certificate less any policy excess. In the event that the vehicles condition has been inaccurately described either intentionally or unintentionally to seriously affect its value, the Valuation Officer at Lancaster can arrange for a new valuation at no extra cost.

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N.B. All Agreed Valuations are subject to a valid valuation certificate having been issued by Lancaster Insurance.

Once the agreed valuation has been purchased, an application form will be enclosed with the insurance documentation which should be completed and returned by the insured to Lancaster’s valuations department.

In addition, we require six current photographs of the insured vehicle (taken within the last couple of months). These should consist of four exterior body exposures, one of the interior engine bay and one of the vehicle interior. We accept 35mm prints; Polaroid’s and scanned images via email. Photocopies are not acceptable and all photos must be in colour.

Where appropriate you may wish to submit bills for any substantial works carried out to the vehicle to support your application. These should only be relevant to works carried out to the vehicle within the previous three years. Photocopies are acceptable provided the originals would be available in the event of a claim.

Under no circumstances do we request or accept an independent valuation from a vehicle dealer or restorer. Our valuations are carried out by an independent Classic Car expert.

Once the completed application form and photographs are received by us, our experts will set a value of the vehicle. You will then be sent a certificate which states the sum for the insured vehicle. Please note that the certificate will not be back dated to the start of the insurance policy, it will only be valid from the date of issue. All photographs and any bills submitted for works completed will be returned to you along with the agreed valuation certificate.

Should the value of the vehicle change during the certified period, then simply give us a call and we will send you a new application form for a re-valuation. Please be aware that an additional charge applies for each valuation completed. In addition, a change to the insured vehicle value may result in a change in the insurance premium.

In cases where an agreed valuation certificate has not been issued by Lancaster Insurance, a total loss claim will be paid at the current market value of your insured vehicle (the annual depreciating price given to all cars).

For further information or to discuss your agreed valuation please call us on 01480 484826.