Car insurance Value and the Importance of being Honest.
Car insurance value forms part of the premium cost calculation. Other factors at times play a larger role.
Honest car valuation is critical, although in some cases averages are allowed. Comparison sites and insurers usually ask for the vehicle value when you buy the cover.
You can estimate your vehicle’s market price on various trusted sites.
The importance of Car Insurance Value
Don’t assume that should you lodge a claim you will receive the estimated value, as the real value tends to be lower.
When buying car cover, arrange for a value coverage, though these really apply to classic or vintage cars.
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