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Insurance for 530i Sport 2003 E39
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<blockquote data-quote="gilajazz" data-source="post: 465669" data-attributes="member: 17749"><p>bro haywire,</p><p></p><p>Important thing is to check with the insurance agents (maybe Alliance, or check with Peter aka Black E90) and ask how much yr car is worth now/today in line with the car manufacture date. If the 2nd hand value now is only RM100k, then of course if you insure at RM110k, you are going to waste the extra RM10k insurance value, as insurance co. will only pay up to the value of the car at the time of transaction.</p><p></p><p>And of course if we undervalue the car, that's also a disadvantage in case of loss, you only get back the value of yr insured amount. </p><p></p><p>Hope this helps.</p><p></p><p>cheers.</p></blockquote><p></p>
[QUOTE="gilajazz, post: 465669, member: 17749"] bro haywire, Important thing is to check with the insurance agents (maybe Alliance, or check with Peter aka Black E90) and ask how much yr car is worth now/today in line with the car manufacture date. If the 2nd hand value now is only RM100k, then of course if you insure at RM110k, you are going to waste the extra RM10k insurance value, as insurance co. will only pay up to the value of the car at the time of transaction. And of course if we undervalue the car, that's also a disadvantage in case of loss, you only get back the value of yr insured amount. Hope this helps. cheers. [/QUOTE]
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