This is exactly the logic I had when buying a high mileage 2007 ex RAC 1.9TDi VW Transporter and having it converted.My question would be has the vehicle got a service history far more important than how many miles it has done. Most newish Diesels are good for a quarter of a million miles if serviced correctly.
I started a new policy with A-Plan in February this year. I was asked for mileage at the start of the policy. I assume this is so if I am involved in a claim, they can refuse payout if I'm over my 25k per annum limit at time of claim.The other thing that puzzles me about limited mileage insurance is how do they know what miles you have covered when hey never ask what the odometer reading is?
Personally I have never been asked that question, I don't know why they bother as it appears to me that it doesn't affect your premium anyway!