What hap­pens if there is a value dis­pute?

Classic Car Weekly (UK) - - This Week -

All bro­kers that we con­tacted con­firmed that there would no dis­pute once an hon­est val­u­a­tion had been ac­cepted by both in­surer and owner, but it is pos­si­ble for ei­ther party to query any pro­posed worth be­fore­hand. If you are un­happy with a val­u­a­tion, pro­vide the in­surer with jus­ti­fy­ing ev­i­dence. Even if ac­cepted by the bro­ker, over­valu­ing a car may not be in the owner’s best in­ter­est, be­cause it may in­flate the cost of the pol­icy. How­ever, should your agreed value be ob­tained through mis­rep­re­sen­ta­tion, a pol­icy could be in­val­i­dated.

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