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new car insurance

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gsr600 | 21:03 Wed 22nd Dec 2010 | Insurance
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when you have enough for a new car, SEAT for example - with their no vat scheme if you pay £10k for a car do you add 20% vat on - as the insured value of £12k on your insurance policy,
cos they will cost more in January.

any offers ???
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The insured value of a new car is it's normal retail price ie including VAT.
In the event of a claim you will be offered the book value of the car taking into account its age, mileage and condition at the time of the loss.
by the time you drive it home I'ts worth 7k anyway, no point in over insuring they don't do new for old.

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