28-05-2020, 11:03 PM
If you have a market value policy, the insurer will pay market value base on similar cars offered for sale at the time of your claim.While we all hope not to have an accident , if you see a car very similar to yours in terms of age, model, condition etc it can be beneficial to print off the advert and keep it on file.
Do this several times.
With a market value policy there is room for negotiation in the event of total loss.
If you have an agreed value policy make sure its for the value you want, an insurer will not pay more
than the agreed value in the event of a total loss.There is no negotiation, the value was agreed at policy
inception.
Do this several times.
With a market value policy there is room for negotiation in the event of total loss.
If you have an agreed value policy make sure its for the value you want, an insurer will not pay more
than the agreed value in the event of a total loss.There is no negotiation, the value was agreed at policy
inception.