Bayernlarge

That's the idea, but the ‘market values’ that I saw when shopping for insurance recently were way lower than what it would cost to replace my car with an equivalent with similar options, low mileage, and service history.

I just got a stand-alone Total Loss Protection policy which sits alongside a standard policy. It pays out an extra 25% of the market value (up to a max of £10k) in the event of a total loss. It was £49 for a year from Adrian Flux (who also do agreed value policies, I think). i have no affiliation with them, so I hope it’s ok to pass this info along.

Thanks for your reply @Lennym1984 My car is a standard 987.2 S, so nothing particularly exotic or unusual. But it's in great condition, with very low mileage, plenty of options, and a full OPC service history. Over the past few months I've seen lots of higher mileage, less well-specced cars on AT at considerably higher prices than the market value that flashed up when I was getting a quote through a comparison site. I think you're right about the PCGB valuation, it probably is a little optimistic, and of course the cars on AT don't sell for their full asking price. So you're probably right, the +25% vs market value will probably be plenty. £49 seems like a pretty good deal for the peace of mind. Even added to the main policy I just bought, it's a lot lower than what I paid last year and the renewal quote I got.

It's that time of year again for me. I was interested in Agreed Value cover as the valuation I got from PCGB is about £6k higher than Market Value prices I've seen when using comparison sites. I tried A-Plan, but they couldn't help. They gave me the names of a few competitors to try though, which was very nice of them. One company gave me a quote with an agreed value, but it was way higher than the best quote I'd got through a comparison site. 'Don't worry' the nice agent told me, we do a standalone Agreed Value policy for £75 which you can buy alongside a policy from somewhere else. This will cover the difference between market value paid out in the event of a total loss and the agreed value (as long as the AV is less than £50k). Sounded good. So I bought the comparison site policy and called back the next day to buy the standalone Agreed Value policy. Unfortunately, I spoke to a different agent who told me the previous agent had made a mistake - the standalone policy is not available anymore. Frustrating. Instead, they offer a standalone Total Loss protection policy for £49 which will pay out an additional 25% of the market value paid out by the main policy (up to £10k, again only in the event of a total loss). This might be my only option, but it will still leave me a bit short of cover against the PCGB valuation. Has anyone come across anything like this? And if so, could you share the name of the company you used please? Cheers.