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Which insurance company and how much do you pay for it?


insi

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Yep...we've got first 12 months full replacement. After this it reverts to agreed value.

Market value will DE-preciate ofcourse...as it is MARKET VALUE. Agreed value does not depreciate by virtue of the fact it is the agreed replacement amount for your car between you and the insurance provider. So if you're able to get it, agreed value...is good value should the car be a total loss.

In our case we picked up an sx-6 for $36,290...$35,290 with the trade for our old cressida. (drive away). It's a demo with 35km!! The list price is about $43,000. So ofcourse if it's a total loss we can get a new one up to $43,000.This does not include some of the on road costs though. Either way it's all good.

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This discussion about agreed and market value got me wondering what I have for mine. I looked at my policy and it states the amount covered is "$32,800 agreed value or market value if higher". Does this mean I have an agreed value of $32,800 then?

Edited by DJKOR
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