Home Get a Quote Features and Benefits How to Make a Claim Updating Your Policy FAQ Contact Us Maxxia
 

FAQs

What is the difference between agreed and market value?

Agreed Value – is the fixed amount we agree with you to insure your car for, and the maximum amount we will pay for damage caused to your car in the event of a claim.  This amount can change when you renew your policy. 

Market Value – is the reasonable cost to replace your vehicle with one of the same make, model, age and condition as your car at the time of loss or damage.  It does not include allowance for warranty, stamp duty or transfer costs.  It is always good to have an idea of what your car may be worth, you can find out by searching for your car at http://www.redbook.com.au/
 


<< Back to all FAQs
Contact Us
Disclaimer Insurance is offered by Maxxia Pty Ltd (ABN 39 082 449 036; AR No 278683) (Maxxia) as an Authorised Representative of A&G Insurance Services Pty Ltd (ABN 61 003 617 909; AFSL 241411) (AGIS). AGIS arranges the insurance on behalf of the insurer, Auto & General Insurance Company Limited (ABN 42 111 586 353; AFSL 285571) (A&G), a related company. Maxxia receives a commission which is a percentage of your premium. For further details see our Financial Services Guide (FSG). Because we don't know your financial needs, we can't advise if this insurance will suit you. You should consider your needs and read the Product Disclosure Statement (PDS) before making a decision to buy insurance.     Click here to view a copy of the PDS and FSG. Not available in NT. Home & Contents insurance not available in NT, Northern QLD, and Northern WA. Terms and conditions apply. Subject to rating & underwriting criteria.