Market value=PARF+COE??? Coz the car dealers prob buy from you
at PARF+COE+Body, but after you crash your car, i doubt there's
much of a body left to export.
Or would they actually give you an equivalent car to drive??
Anyway, most insurance policies should have some ambiguous clause
that mentions that they have the right to replace an equivalent
car, or pay you the market value (ie: paper). Given the depressed
values for resale cars, I'd presume the natural choice is to
compensate you just the paper value, and not give you an equiv
car.
Actually, I'm just wondering if there's any insurance companies out
there that give you another equiv car to drive and NOT the paper
value - if there's any, I'll swear by them!!
Anyone has experience in this??
