Hi there
i just renew my car ins n roadtax with allianz
here is the summary
by right sum insured = agreed value...this is "propose value" by the insurance company but u can always "underinsured"...
to get underinsured value is very simple...for my self...i went to used car are trying to "trade in" the car to know what is the exact market value for my car...or u just shave few thousand from the "agreed value"..
in my case
my car "agreed value" with allianz is rm25k but when i approach used car they willing to take my car rm19k-21k only...so my sum insured is rm20k with them and i need to fill up "underinsured" form...
with Allianz, if u cover rm20k n if anything happen to u say total lost...they will cover in full...
example
sum insured 25k...met with accident and total lost...Allianz will follow curent market value, E.G 20k...final amount u get is 20k
if sum insured 20k...under same scenario..u will also get 20k as final amount...
its my 4th year with Allianz...n im satisfied with them
That's what I am planning to do now. So, I need to fill-up underinsured form...thx