QUOTE(JC999 @ May 14 2009, 01:05 AM)
That is half correct, when an accident happen and at the time your car value drops to 47k and u have covered 49k, the insurance pays 100% the coverage.
Vice versa, if you insured only 47k, and at the point of accident your car value did not drop but stay at 49 - or 48 k. The insurance company may consider
that you have under insured your car, hence they may only pay 80 - 90% of the coverage.
Maybe different insurance company have different calculation.
Well, as i know my insurance when come to claim will take the market value instead of amount i covered.
May i know which insurance company u mentioned above are using sum assure at the 1st place when come to claim?
Actually what im understand. Insurance always give out 100% claims but 100% which is the market value.
But when come to us, our expectation are always insurance company only pay us 90% which we always calculate from our insurance amount we covered.
Hence, my case here. im myVI SE owner and actually JPJ not categorize this is a new make and it remain to EZI.
So, if this case. when come to claim for myvi SE and myvi EZI and the amount should be same.
Do you agree?