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zoooooni

zoooooni wrote: »

Good idea !! In the high risk category we only claimed two laptops which they billed at 1200 pounds .thanks a lot for your time.can you advise why insurance ppl are making valuation at 26000 and there is huge difference?

Sorry total will then be 16, 800 pounds for high risk item.

rs65

The High Risk Item limit is the total replacement value of all High Risk Items you have - not just the items stolen.

What would the correct sum insured be for all High Risk Items?

zoooooni

rs65 wrote: »

The High Risk Item limit is the total replacement value of all High Risk Items you have - not just the items stolen.

What would the correct sum insured be for all High Risk Items?

It's 12000 pounds stated on my policy for high risk items. Thanks once again for your reply.

rs65

zoooooni wrote: »

It's 12000 pounds stated on my policy for high risk items. Thanks once again for your reply.

No. You chose to insure for £12k.

What would have been the correct sum insured for all high risk items you or your family owned?

zoooooni

I meant to say insurance cover is for 12000 pounds for high risk items and we have claimed for 16800 pounds.

zoooooni

rs65 wrote: »

No. You chose to insure for £12k.

What would have been the correct sum insured for all high risk items you or your family owned?

Around 18000 pounds .

InsideInsurance

For a variety of reasons you cannot just take a valuation in one country, apply an exchange rate and assume that this would be a valid valuation in another country.

Have you done a dummy quote to see if Sheila's Wheels would be happy to insure you at its full value? Not just the price in Pakistan but the price that the loss adjusters here have valued things at + anything else that falls into their High Risk or Valuables definition?

zoooooni

InsideInsurance wrote: »

For a variety of reasons you cannot just take a valuation in one country, apply an exchange rate and assume that this would be a valid valuation in another country.

Have you done a dummy quote to see if Sheila's Wheels would be happy to insure you at its full value? Not just the price in Pakistan but the price that the loss adjusters here have valued things at + anything else that falls into their High Risk or Valuables definition?

Thanks a lot for your reply .our insurance is just renewed now and we have already told them to insure us to 30000 mark for high risk .they will get back to us with a quote .can you help or advise me further in this case .

InsideInsurance

Your main issues comes if they would not have insured you had you declared its true value.

At the moment this is all speculative and you really need to wait to see what their response is once they've received the valuations