declared value

[Siliconslave]

OK then, whats the deal with the whole declared value thing??

It seems that your legally required to give a "true" valueation to your car, your quote is then quoted with this taken into account (vaugely i assume). Fare enough - the car has a value which will dictate its likelyhood of being stolen etc

But why then do they take the **** quite so much when it comes to offereing you a payout? And would they go both ways (ooo-err) so if you were to declare the value to be allot lower than its market value (or infact the value for some reason skyrocketed) would they be in a any way likely to pay out market value, or would that be the point they pull out the whole declared value bit?

Also why don't the just link it to glasses guide? take the whole step out (and alow you to declare the condition or something)

Laters
Sam

 

[JRS]

But why then do they take the **** quite so much when it comes to offereing you a payout?

Um....because they aren't in the habit of throwing out money if they can avoid it?

 

[ToLearn]

to be fair my misses wrote of her rover 25 few weeks ago and the insurance company paid out £2599 pounds she paid £2999 6 months before for it and just checked the glass guide and it was worth £1880 so the insuurance made us a good offer

 

[Axeboy]

Yup

Its a bit odd..

My mates car was stolen..

Value was £4k on insurance, but they offered £5k

Crazy mofos