The increase in prices at the upper end of the classic scene – Ferraris, Aston Martins etc – is having a knock-on effect into the mid-range vehicles. Many of our specialist insurers of classic vehicles are asking for clients to re-evaluate their vehicles.

Generally, this can be achieved by completing a simple one page “tick box” form and supplying new photos – which is so easy in these days of digital cameras, quality camera phones and email but we still accept printed pictures.

Increasing the value of the vehicle may result in a small premium increase but it is a small price to pay for peace of mind. The point of this type of insurance is to be able to replace your vehicle with one of the same type and condition so leaving yourself several £000s short is not a good idea.

This is where advice from an expert insurance broker is priceless. You won’t get any advice from an online insurer.