biometrics
Well-Known Member
- Joined
- Oct 17, 2019
- Messages
- 20,423
A heads up... due to covid, supply chain issues, component shortages used car prices worldwide have skyrocketed by 30-50%. So if your car is stolen or written off you won't be able to replace it at the current insured book value. My book value is currently R285,000 and the retail price is R420,000 (nearly what I paid ten years ago). I pointed this out to my broker PSG and the insurer Santam has asked for a valuation to increase the insured price. Sure it will increase my premium, but my car is paid off and I'll be driving it for another 10-20 years, so it's a huge asset for me. Food for thought...