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Are we not allowed to undervalue my vehicle?

Money Talk India Finance Forum (MTIFF) :: Insurance Talk :: Vehicle Insurance Talk

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Are we not allowed to undervalue my vehicle? Empty Are we not allowed to undervalue my vehicle?

Post by enidhi Thu Jan 31 2008, 21:14

Insurance companies use standard depreciation to calculate current market value of the vehicle and subsequently calculate the premium accordingly.

But if I wish to value my vehicle at a lower price is it possible? Risk cover will be lower and so will be the insurance premium...
enidhi
enidhi
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