Like for example, my sum insured in 2019 is 80k, then this year quotation came for 2020 is still 80k. But when total loss before renew insurance, they say market value only 70k
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May 13 2020, 11:45 AM, updated 6y ago
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1,372 posts Joined: Sep 2008 |
Why got concept like agreed value and market value when u do total loss claim
Like for example, my sum insured in 2019 is 80k, then this year quotation came for 2020 is still 80k. But when total loss before renew insurance, they say market value only 70k |
IcyDarling Car Insurance May 13 2020, 11:45 AM
coyouth
you should lodge a dispute. insurance companies a... May 13 2020, 11:47 AM
matrix88 thats where agreed value come in.
if you buy based... May 13 2020, 11:48 AM
waltz does your motor insurance cover note stated agreed... May 13 2020, 11:49 AM
ahwai when issue you agreed value you say your car not w... May 13 2020, 11:54 AM
IcyDarling
So ngam my car is under MSIG LOL
So if my insur... May 13 2020, 11:55 AM
matrix88
do remember if it is market value
you over insu... May 13 2020, 11:58 AM
ahwai
If every year follow proposed sum insured the va... May 13 2020, 12:14 PM
SKY233 always buy agreed value...
not so rugi although th... May 13 2020, 11:54 AM
tifosi Always insure the car value based on their valuati... May 13 2020, 12:03 PM
BronzePlate I notice pemiums this year are a bit higher compar... May 13 2020, 12:20 PM
matrix88
because after deregulation, the insurance compan... May 13 2020, 12:30 PM
moodswingfella
Unfortunately no way u can argue since u beli sum... May 13 2020, 12:29 PM
tifosi
Most major one does I think. So far I've only... May 13 2020, 12:40 PM
JohnRothstein
Lonpac tu apa? How come never heard of it. May 17 2020, 05:53 PM
netmatrix If you buy cars that depreciate kaw kaw then you b... May 13 2020, 12:31 PM
ahwai now every insurance different price and can buy di... May 13 2020, 12:31 PM
matrix88
looks like many buying thru online due to discou... May 13 2020, 01:22 PM
ahwai
For my clients I m their agent for their life ins... May 13 2020, 01:48 PM
IcyDarling
Isit true that if buy toyota car with MSIG, then ... May 13 2020, 01:58 PM
zeese i think market value term is new concept.. before ... May 13 2020, 02:05 PM
Cmyong88 The real pandemic in Malaysia are the people who m... May 13 2020, 02:18 PM
Boy96 Agreed value is a godsent for conti car drivers
T... May 13 2020, 02:20 PM
fantasy1989
when you want to total your peugeot? May 13 2020, 02:22 PM
Boy96
That pijot if total liao cant get replacement any... May 13 2020, 02:24 PM
fantasy1989
change brand lor
but so far 508 from my end sti... May 13 2020, 02:29 PM
fantasy1989 if got budget just get agreed value ..less problem... May 13 2020, 02:22 PM
archonixm AVP only good if your car total beyond recognition... May 13 2020, 02:28 PM| Change to: | 0.0191sec
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