Insured Value

Honest John Back Room » Motoring discussion
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Wed 22 Jul 2009 11:18
Insured Value - bintang
Someone was asking here a couple of weeks ago why insurers don't reduce insured values on renewal, even though cars are worth less. I found the answer this morning, saving £65: they are not allowed to, unless told (something they doubtless prefer anyway). Clearly, one needs to have an idea of current market values. 25% off new price after one year seems about right.
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