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Insurance agreed value increase

Forg

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If you can’t negotiate an agreed value of $54k, I really think you’re going to struggle to get them to up a market-value payout with the same company to $54k. Can you maybe switch to agreed-value now?
 

tommy_z

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If you can’t negotiate an agreed value of $54k, I really think you’re going to struggle to get them to up a market-value payout with the same company to $54k. Can you maybe switch to agreed-value now?

Sorry I meant that $54k was the maximum agreed value they would provide. Market value is around $50k from memory. I found neither satisfactory hence I selected the option of 4 year new car replacement as even a new Commodore VXR is more expensive than $54k. The PDS states that I can either get the market value paid to me, or a car of equivalent type to the Director. So either I ask them to get me a similar Director second hand (I’m sure there are many undriven examples for years to come as seen right now on Carsales), or I find a way to negotiate the marker value paid to me to be somewhere above the $60k mark as it should be, or at worse get me a new Commodore VXR. $54k agreed value is too ‘set in stone’ and the premium was more expensive than selecting market value and 4 year new car replacement.
 

Forg

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Ah, gotcha; ta for explaining, I didn't realise that the 4yr new-for-old was even a Thing. :)
 

Ron Burgundy

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Just got mine
It was $41 000 agreed value last year and the renewal came with new agreed value of $51 000.

Premium is up by $100
 

Mayuri Krab

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Mine (agreed value) went up too... From $41500 to $49555

Yearly fee went up by about $80.

This is with RAC (WA) and I drive quite a bit, alreday clocked over 20k km in less than a year.
 

lmoengnr

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Pretty sure they only raise your 'agreed value' to justify the premium increase...
 

Ron Burgundy

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Pretty sure they only raise your 'agreed value' to justify the premium increase...

Fine with me. They would still have to pay the agreed value if I totalled the bastard ...
10k extra coverage for $100 in 12 months is a fair deal I reckon.
 

abuch47

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72 per month $31k or market value RAA
 

lmoengnr

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Fine with me. They would still have to pay the agreed value if I totalled the bastard ...
10k extra coverage for $100 in 12 months is a fair deal I reckon.

There's always a good chance you wont total it in the next 12 months.
 
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