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McLaren 720s accident on ECP


D3badge
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Twincharged
25 minutes ago, Beanoyip said:

Insurance paying out for a new car right?

Wait Long Long...

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Turbocharged
16 minutes ago, ER-3682 said:

Wait Long Long...

In SG, can car insurance be bought on the agreed value of the car? If can and he insure it for $1m, then almost a new car..

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1 hour ago, Beanoyip said:

In SG, can car insurance be bought on the agreed value of the car? If can and he insure it for $1m, then almost a new car..

No. I don’t even know sum insured of my car

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28 minutes ago, inlinesix said:

No. I don’t even know sum insured of my car

They'll say market price...but won't specify wet market or dry market or super market...pay out time it's pasa malam run teh gu value...😁

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Twincharged
(edited)

my cars all market value except my air-cooled which is agreed value/ sum insured.

my newer P cars are market value.

Edited by sake
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Twincharged
4 hours ago, Beanoyip said:

In SG, can car insurance be bought on the agreed value of the car? If can and he insure it for $1m, then almost a new car..

If can pay a new Car..by Insurance..i think many People will make their Total Loss...

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9 minutes ago, ER-3682 said:

If can pay a new Car..by Insurance..i think many People will make their Total Loss...

In the market, there is a cover called "Return to Invoice".  1 new car for 1 total loss car within 1st year of purchase.

It depends on whether AD/Manufacturer got a good relationship with an insurer or not.

Not consumer can buy 1.

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4 hours ago, mersaylee said:

They'll say market price...but won't specify wet market or dry market or super market...pay out time it's pasa malam run teh gu value...😁

Hyper car must be 

Hypermarket rate lah. 😂

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On 7/12/2021 at 10:11 AM, Yeshe said:

@Turboflat4 not so stoopig :D

I am pretty stoopig. But got luck lah. Luck important. 😁

Touch wood (kayu Goh will do), don't want kena Ho Jinx. 😂

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On 7/15/2021 at 11:55 AM, Beanoyip said:

Market value lo..

The problem is the market value will be ridiculously low, with the market value they offer is not sufficient for one to buy a car of the same type and age.

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(edited)
On 7/15/2021 at 7:48 AM, Beanoyip said:

In SG, can car insurance be bought on the agreed value of the car? If can and he insure it for $1m, then almost a new car..

anything can be insured, it all boil down to the premium you gonna pay! in general it is always market value, thus if you want agreed value, a bespoke insurance then it depends do you think the premium is worth the tag!

Edited by D3badge
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Twincharged
14 minutes ago, D3badge said:

anything can be insured, it all boil down to the premium you gonna pay! in general it is always market value, thus if you want agreed value, a bespoke insurance then it depends do you think the premium is worth the tag!

Noo...Surveyer...will Survey it...& adjust..to the Claims...lets say..you have a Shop..Insured for $5 Millions inc the Goods inside...if catch Fire..everything burnt..do you think..you will get $5 Millions.?Nope..

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Twincharged

If so easy to get Money..alot of People will insured high...middle of the night..take out the Good Stuff..Put worthless Goods..& set Fire & Burn down the Unit.

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5 minutes ago, ER-3682 said:

Noo...Surveyer...will Survey it...& adjust..to the Claims...lets say..you have a Shop..Insured for $5 Millions inc the Goods inside...if catch Fire..everything burnt..do you think..you will get $5 Millions.?Nope..

For car insurance with agreed value condition, that’s the amount to be paid upon total lost.

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