Friend of our son had his car written off by the insurer after driving through a large "puddle" during the recent Brisbane floods. His policy was for a "agreed value" (which I believe might cost more, but not sure of that?).
Something I had never heard of happening is that he had only two weeks before the incident paid his registration for a full year and about a month prior had paid his insurance premium for a full year.
The insurer cashed in the registration and insurance policies and kept the refunds..... cheeky!!!
I wonder if this is something commonly known and if all insurers do this (I assume so). I have never heard of it before.
Something I had never heard of happening is that he had only two weeks before the incident paid his registration for a full year and about a month prior had paid his insurance premium for a full year.
The insurer cashed in the registration and insurance policies and kept the refunds..... cheeky!!!
I wonder if this is something commonly known and if all insurers do this (I assume so). I have never heard of it before.