I was at a launch of a new product with an insurance company last night.
They have launched an extension which I found absolutely fascinating.
As you know, when you insure your car, the value drops consistently over the years.
This company offers you the option now of insuring at the original retail value, and retaining that as long as you like.
If the vehicle is stolen or written off, you receive the insured value on the policy, and there is no depreciation or anything of a similar nature taken into account.
I think the rest of the market is going to have to follow, or find that there is a steady trek to this insurer.......
Reply With Quote
Did you like this article? Share it with your favourite social network.