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Car Insurance FAQ Answers

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21. If I choose market value how do I know how much my car is insured for?

Market value is the reasonable cost to replace your vehicle with one of the same make, model, age and condition as your vehicle at the time of loss or damage. It does not include any allowance for warranty, stamp duty or transfer costs.

If you want an idea of what your car may be worth you can search for your car on Redbooks website.

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