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Insurance Value


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Hi Guys,

My 67 Spitfire Mk3 is ready for the road again after 40 years. I reckon it is worth £12-£15k but it cost more than twice that amount to restore. Should I insure it for its sales value or the restoration cost?

Cheers,

Brett

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Morning Brett, if you had a valuation carried out by the TSSC you would have a clear, tangible value that the insurers would recognise as a starting point. May be worth talking to your insurers as well to see if they would accept documentary evidence. Definitely TSSC first though, quick, easy and very obliging. 

Derek. 

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