If your car is insured for Market Value and it is written off or stolen, you'll receive what the car was worth that day. At AA Insurance we prefer to offer Agreed Value to ensure you don't get any surprises at claim time. However, some of our Small Business Vehicles will be insured for Market Value, which will be made clear during the application process. It is important you check the value shown on your policy schedule and discuss it with us if you have any concerns.
What does Market Value mean?
If your car is insured for Market Value and it is written off or stolen, you'll receive what the car was worth that day. At AA Insurance we prefer to offer Agreed Value to ensure you don't get any surprises at claim time. However, some of our Small Business Vehicles will be insured for Market Value, which will be made clear during the application process. It is important you check the value shown on your policy schedule and discuss it with us if you have any concerns.