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EarlyBay Forums
General Earlybay Chat
Insurance Agreed Values
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<blockquote data-quote="magoo" data-source="post: 548247" data-attributes="member: 19595"><p>I heard today that an agreed value can work against you, in the sense that the agreed value is the maximum amount that an insurer will pay out. If you don't have an agreed value, you can argue that the bus is worth more and point to current market prices. In contrast, I've also heard that an insurer might only pay out £500 if it is not an agreed value!</p><p></p><p>Has anyone any experience with insurance companies when it come to paying out?</p><p></p><p>Thanks.</p></blockquote><p></p>
[QUOTE="magoo, post: 548247, member: 19595"] I heard today that an agreed value can work against you, in the sense that the agreed value is the maximum amount that an insurer will pay out. If you don't have an agreed value, you can argue that the bus is worth more and point to current market prices. In contrast, I've also heard that an insurer might only pay out £500 if it is not an agreed value! Has anyone any experience with insurance companies when it come to paying out? Thanks. [/QUOTE]
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EarlyBay Forums
General Earlybay Chat
Insurance Agreed Values
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