Understanding agreed value insurance: A guide from King Price Insurance
When comprehensively insuring your car, you’re generally given 2 choices: insuring it at ‘retail value’ or ‘market value’. However, now you’ve got a third alternative: insuring your car for an ‘agreed value’. But what do these options really mean? Wynand van Vuuren, client experience partner at King Price Insurance, breaks things down. The retail value is essentially the cost to