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Old 06-12-2011, 10:24 AM   #7
Jim Goose
FF.Com.Au Hardcore
 
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
Default Re: Agreed value insurance questions

They did however ask me how much my AU was when i added it to the insurance policy and told them the buying price. The guy asked are you happy to leave it at that value (as opposed to book value) and i said yes. So my AU wagon is still at the agreed value of how much i bought it for 3yrs ago (well above book value now)

I had increased the value of the XB when the car was fully completed and they were happy to take my money!

Maybe a change of policy since then?? In any case they were the cheapest insurance company and the only ones at the time who would do an agreed value while the car was in bits and not running. (It was around $90 a year! for a value of $8500, but this was 2 yrs ago).

As the car got closer to being on the road I progressively increased the value as parts were added and or bought.
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