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What is agreed value car insurance?


Asked By: Parv Verma



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3 Answer(s) Available

Fish Hatchery Specialist Human Resource Public Policy Segmentation Chandigarh India


Agreed value is a type of coverage where you and your insurance company agree upon the value of your vehicle when you take out the policy. In the event of a covered loss, you'll be reimbursed the lessor of the repair cost to fix the vehicle or the agreed value, regardless of any depreciation.

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Title Examiner Admissions Malappuram India


This is the amount you and your insurance company agree to insure your car for. It offers greater certainty over how much you get to spend on a replacement vehicle if your car is completely written off.

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Studied at NIT Jalandhar Internal Customers Philadelphia United States


What is agreed value insurance? Agreed value insurance policies have a maximum payout which is agreed upon by both the insured and the

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