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Rpmayne

Fixed payout insurance

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Does anyone have an insurance poilcy where you have fixed an agreed price in case of the car being written off? I'm after insuring mine to cover for a true replacement cost, and I want the option to buy it back. Obviously got to be a reasonable premium, admiral has quoted me £500 fully comp, protected, age 26 with 5 years NCB. Their policy is to pay out market value though, which would be well under what I would pay to get another one the same.

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This was discussed failrly recently - have a search as there are a few companies that offer fixed payout. They usually want more money up front and some of them won't let you buy the car back again should you write it off.

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