GSR5559 said:from wht i know of, insurance will valuate the current car price market value and from ther they will only pay 70-80%, sometimes they might pay 100% too depending on the situation. not from the sum insured or the lastime newly bought over price. sum insured do play a small role too, if u were to insured a proton wira for 100k, ur not expecting them to pay u 70k for a stolen wira rite? to me i think if car is not recovered mebi u can get lets say around 20k+ below 30k i guess. judging frm the year make of ur vehicle. somehow they will see from ur sum insured and market value. and yeah usually claimings take around 8 months upto 1 year, it is becus insurance company needs confirmation from the police that the car cannot be found. frens told me if u dare to bribe those police mebi fastest can take around 4 months to do the claimings. this im not so sure. btw if car recovered during investigation, u can either to choose do claimings for the repair or pay by ur own money, no difference from accident case. no worries. jus see how much u need to do the repairs, and calculate those NCBs u have, isit worth it to do claims or not.
some ppl get to claim 100% b4 i heard of, a mercedes s-class owner, bought the car over for few months den got stolen, claim 100%. anyway sorry to hear bout this.
Wira can insured 100k on it?
lol like this i got a great idea.....i buy a brandnew Wira SE insured 300k on it then wait people to steal it la.....i got at least 240k...haha straight can pay all the Wira full price and still left about 195k in my pocket.......keep doing this i become millionaire :~D