Hi,
My comprehensive car insurance is up for renewal (Budget Direct), and I noticed that in the renewal notice they changes from Agreed Value to Market Value. I assume this is not in my favour but would like to hear opinions.
The car is a 4x4 (2008 BT50) with loads of additions and modifications, all specified in the policy. Would they be taken into account if "Market Value" has to be determined?
E.g.:
Body - Canopy
Misc - Awning
Wheels - Non Standard Wheels
Misc - Bull Bar
Elect - Cb/Uhf Radio
Mech - Electric Brakes/Trailer Controls
Elect - Stereo/Entertainment System
Misc - Fridge (Personal)
Misc - Shelving/Storage And Others
Cheers
Market value is for base vehicle only unless they have an option to specify the mods.
If you have King's camping accessories, market value is fine.
If your mods are top shelf, agreed value.