Sep 20 2017, 10:25 AM
QUOTE(abcn1n @ Sep 20 2017, 12:15 AM)
I have used AXA insurance for a while now and its based on agreed value (wording used in the renewal policy). When I renew my insurance, will update whether the cost is higher as compared to previous year.
Hmmm... Noticed that the agreed value has declined from 1 year to another. So I guess the agreed value may be the market value at the time of renewal
Agreed value is the consensus market value of the car.Hmmm... Noticed that the agreed value has declined from 1 year to another. So I guess the agreed value may be the market value at the time of renewal
As we know value of the car goes down when it is getting old.
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