|
Yes, the "agreed value" isn't agreed anymore. I noticed the same thing when my renewal notices arrived for a few years: that the agreed value was far less than the market suggested, sometimes 40% less, yet the premium was still significantly higher than "market value".
I recall being able to negotiate an agreed value in the past, and pay an additional premium, but that no longer works either - the last few times I tried that, they told me that they have tables that tell them the maximum agreed value they can use - it was still much lower than a realistic private sale price. Yet another rip off from an industry in need of overhaul.
The best agreed value I got for my car, though I'm sure it will vary from model to model, was from CGU.
|