Hi all,
Recently been having an absolute nightmare getting insurance for my Z, the mods kicked in within a week and new exhaust was on only to find out my insurance company won't cover me with ANY mods. So, off I went to cancel & am currently waiting my refund.
Had a look at Admiral and with mods they initially offered me £1850 on comparison sites, did a separate quote on their site with my car value being £5500 (price I paid) and they offered £1635 with mods.
Now, when I change my cars value to £9995 (just to see how it influenced it) I was shocked to see it dropped to £1495 and then changing it another £250 it dropped to £1414 with mods.
I have spoken to a chat operator called Phill who said "If you think the car is worth that, that's what you put as only you will know the value of it" which I interpreted as "yeah, put it to 10k if that's what you think it is"
Is this a big no no? I'm aware they'd only ever pay out market value in the event of a crash but would I changing the value be voiding my policy at all? I don't want to be doing anything illegal so to say
Cheers