SupraStar 3000 Posted October 8, 2005 Share Posted October 8, 2005 Question: How does the insurance work with depreciation? When I insured my soop i STRESSED that the car was in A1 condition and wanted top valuation cover for it including mods. After a few phone calls and sending documation, photographs and receipts etc. they agreed value (a good valuation). Does this value depreciate automatically with the car? If so, how much etc.. thanks. Quote Link to comment Share on other sites More sharing options...
MattSZ Posted October 9, 2005 Share Posted October 9, 2005 Just checked my valuation with Lancaster is vaild for 3 years and if at any time with them the car is a total loss they pay the full agreed value -excess etc Quote Link to comment Share on other sites More sharing options...
toyotasuprauk Posted October 9, 2005 Share Posted October 9, 2005 I guess as insurance only runs for a year if you come to an agreed value with them they will honour that for that year. Then when you renew it gets reviewed. Quote Link to comment Share on other sites More sharing options...
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