ChatterBank0 min ago
Car insurance
Why is it that when you are getting quotes for car insurance, they ask what the value of the car is?? I have never known an insurance company pay the stated value on a car, rather what they think it is worth. Why bother asking in the first place, surely they should base it onindependant valuation, say from Glas`s Parkers etc. Surley your quote is based on the valuation at the time!!
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Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.We at UKI (Tesco, Privilege, Direct Line, Churchill) ask the value of the car to establish two things.
1. If the car is over a certain value, �30,000 in Tesco's case, we will require that a thatcham approved cat 1 or 2 tracker be fitted to the vehicle in order that the car be covered for theft.
2. If the car is over �5,000 it has to be insured on a comprehensive basis, rather than TPO or TPF&T.
Hope that helps.
1. If the car is over a certain value, �30,000 in Tesco's case, we will require that a thatcham approved cat 1 or 2 tracker be fitted to the vehicle in order that the car be covered for theft.
2. If the car is over �5,000 it has to be insured on a comprehensive basis, rather than TPO or TPF&T.
Hope that helps.