1_Litre_Porsche_Beater
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Registered: 9th Apr 02
Location: Kent
User status: Offline
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Say for instance my car is stolen and never found, i insured the car for say 7500 - 8000 and the market value is approx 6500 - 7000 what would i look at getting paid out roughly?
How do they work out your pay out figure? Just enquiring as a customers car was stolen and they havent got a clue how much they will be getting paid out and it got me thinking....
Cheers
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John
Member
Registered: 30th Jun 03
User status: Offline
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You'll get what they think the car is worth.
Absolutely no relation to what you put in the what its worth box.
Agreed valuation is a different matter.
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1_Litre_Porsche_Beater
Member
Registered: 9th Apr 02
Location: Kent
User status: Offline
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would they use a guide such as glasses or parkers?
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John
Member
Registered: 30th Jun 03
User status: Offline
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Yip, you'll get roughly market value but you wouldn't be able to say oh I put 10k in the box so I should get that.
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1_Litre_Porsche_Beater
Member
Registered: 9th Apr 02
Location: Kent
User status: Offline
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yeh thats what i thought, thats cool cheers
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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Market value.
They will probably use Glasses, cap or such like to derive a write off value based on age and mileage.
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