Agreed value

Sir,

It occurred to me that if my car, which is only insured third party, was totally destroyed by someone running it, I would only receive “book value” for it. Since I have spent a great deal of money on it, such “book value” would in no way reimburse me 100%. I have been in touch with my insurance broker about this, and also a Lloyds Agency, but they tell me it is not possible to take out “agreed value” policies except on pre-1947 cars. This, where one has spent a lot on one’s car, appears to be totally inequitable. Is there any way of insuring a car for its full value as opposed to book value?

Ross-on-Wye H. H. F. SUMMERSON

[Another one for our insurance experts? Ed.]