Sum insured for a E30

[stormhunt3r]

Guys, i need some advice from you guys regarding the issue said..I'm a lil confuse bout what's the market value for a E30. Reason for saying so is because the price for a E30 fluctuate too much and how much would the insurance accept? Would they look into what we had dump into our car or just plainly the model and year of the car?for eg: 1. E30 which had been maintain, refurbish, repaint and etc etc - market value 25-30k2. E30 which is badly maintain or not maintain - market value RM5-10kbased on the example above, how much should we insured our car with? besides, if the vehicle is involved in a accident, and the adjuster found most of the E30 selling cheap at that time, our ride might be over insured and based on the market value found, our car would best be totaled lost. Have any of you came across these kind of problem? pls share..tqcheers

 

[SAMBK]

Greets,

My e30 1988 325i m20b25 .....

a. bought -> rm15k

b. repair, refurbish etc -> rm15k

c. insured -> rm20k



Regards.

 

[zzzaaron]

mine 1984/86 sum insured RM12k.

 

[pussy]

mine is insured for RM40k

 

[tchdaniel]

car value

dont waste ur money insuring ur car at a higher amount.The insurance co are suckers.Let say ur car is in mint cond,fully mod,branded rims,suspension,bodykit,exhaust system etc,total spend on the car,meaning ur car is worth 55k,but if u r involved in an accident n ur repair exceed 8k to 10k,they will write off ur car,reason being the market value for ur car is between 5k to 10k.They will always value ur car well below market value.