LV car insurance

Anybody had any experience with LV for Land Rover insurance? Trying to get a quote for my 110.

Had a fender bender in April and Adrian Flux are now £600, up from £445

Direct Line (who were £330 on the missus' 90) wouldn't insure it because of the engine remap.

But LV quoted £325 fully comprehensive with protected NCB.and only £100 excess.

They were fine with the remap, rear seats removed, side steps, adjustable dampers etc

But they don't offer "Agreed Value" The guy l spoke to at LV said they base any payout on "market value"
as in, what they are actually selling for.

LV seem to get the best reviews of all the insurance companies and any complaints aren't to do with payouts.

Been with them for years with the Mrs car but not tried them with the landy , In the past , they didn't charge admin for changes so they get my vote

Market value is, what your car will sell for at market.

So find a few examples and thats the value.

Was with LV for years, no problems until.....
Got a new galvanised chassis and they said it was a modification they would not cover!

I guess that's the problem with insurance companies who don't really know what a Defender is.

ln reality a galvanised chassis won't affect the risk to the insurance company at all.

Told them that it was a Marsland chassis, Land Rover/GKN chassis just galvanised but they were having none of it.

l bet they never asked genuinely important questions like "what security is fitted"

To the uninitiated, replacing the chassis is probably a modification too far.

Galladog said:

Was with LV for years, no problems until.....
Got a new galvanised chassis and they said it was a modification they would not cover!

Click to expand...

They refused to reinsure me after I fitted a Brownchurch rack and a pair of Hella driving lamps! Proppa bad boy racing mods!

l've had similar issues over the years.

I spent a good twenty minutes trying to explain to the operator at Direct Line what what side steps and anti roll bars were.

The policy arrived listing "side skirts and roll bar"

After that l never bothered to mention the anti-roll bars, after all they may have been fitted since new, if the vehicle was delivered with boost alloys as a factory option.

Well that's a good point in regards to chassis replacement. Is it worth declaration. Say you was keen at keeping the original free from rust by painting hamerite silver yellow red blue or white. Nothing stopping you painting hamerite the galvanized new either.
As long as the the stamp number is clear. Why would an insurance company need to know. The only snaffle bit is whether the new chassis is made of poor quality.

Personally I’d disagree about the Galv chassis not affecting the risk to an insurer.

Having a Galv chassis is a massive increase in value to an older defender. It is often left unpainted so a moderately observant defender thief will instantly recognise it, see it as a bonus resale point and probably also a sign that the vehicle has other goodies / desirables to increase its value.

If I was in the market to pinch a Landy, I’d be pleased to see that shiney rear crossmember.
Insurers aren’t there to provide a service to us - they’re there to make money and they do that by avoiding risk and taking more premium if the risk is higher.

@lightning , give Hagerty a call. I have my older cars/incl' the Land Rover with them. All are fixed agreed value with detailed insurance photographs. The Land Rover was subject to a major rebuild 2020-2021 with many non-standard new components/HD upgrades and the Sebring MGB V8 is very, very heavily modified. In both case I've sent full copies of vehicle projects and upgrade receipts. Both are covered with correct agreed values [vehicle market rate + upgrades costs + an element of what it would cost to have a garage rebuild]. https://www.hagerty.co.uk/

I would say same as Yalan above, galv chassis must be more attractive to any thief for pretty obvious reasons, this is why advice always seems to be etch and paint it asap.

l will try Hagerty tomorrow, thanks

Hagerty only insure "classic" cars that are not your daily driver.

l've gone with LV. As for valuing the Defender in the case of a total loss, it's getting easier as values for some Defenders have risen.

Hagerty have a "value my classic vehicle" site and according to that my 110 is worth £22,000 which is pretty much on the money looking at adverts and dealer prices.

Hopefully l will never need to start arguing about values with an insurance company but with the way they are being stolen at the moment you can never be sure if your Landy will still be there when you open the curtains in the morning.

My local Land Rover independent dealer has offered to buy it in for £18,000.

Adrian flux insured my 110 through.
Highway.... Who are owned by.....
LV who are owned by
Allianz..

Adrian Flux told me they don't currently "partner" with LV !

Although they did say, that if l didn't want Agreed Value they may be able to match LV's price.
But by that time l'd lost the will to live. l'll try them again next year.