Agreed Value Clause

Having difficulty agreeing on the amount of your claim settlement with your insurer after a Total loss? Enhance your policy with the Agreed Value Endorsement.

This product allows you to agree the value of your motor vehicle at the policy inception or/renewal so that in the event of a total loss you will be reimbursed for the actual value agreed, less the applicable excess. The Clause is currently offered on the Ultimate Woman ... by Advantage Policy and may be added to the Prestige Club Policy.

The acceptance criteria include:

  • Individually owned vehicles used as private cars
  • Luxury pickups up to 7 years old
  • Vehicles valued $1.5 million and over
  • Valuation required at inception/renewal
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