Even if insured for €5k, and assessor valued it a €5k, I will place a bet now that the insurers will not pay €5k.If assessor puts value at €5k, then they will pay out €5k, assuming that you had it insured for at least €5k. if you only had it insured for €4k, then they will NOT give you €5K
Even if insured for €5k, and assessor valued it a €5k, I will place a bet now that the insurers will not pay €5k.
Any takers?
Grand - pay me now because you've lost. The bet was -If insurance co assessor put the €5k on it, then I'll take the bet. You will get €5k , less the policy excess if any. they may deduct a salvage value, ...
and you've just listed two deductions the insurers will take from the settlement cheque.Even if insured for €5k, and assessor valued it a €5k, ... the insurers will not pay €5k [bolding added]...
If a car is stolen what value do they place? Esp if the car is never recovered or is found burnt out?
I don't understand how its rare. Insurers are not thieves despite what prople migth hear in the local pub. They are regulated by the Financial Regulator and standards have generally improved over the past few years.
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