RTA and insurance company

[skylineman]

Do you guys know if the insurance company has access to RTA records.

Just wondering because JCI need a letter from seller (or receipt), quoting vehicle price - this is the amount they insure for. A lot of people when they go down to RTA put down a value a few grand less than they paid to save on stamp duty. Is this safe to do or is the insurance company likely to check - and then say we can only insure for the lower figure?

thanks

[predator]

don't lie and its not a problem.. can't have your cake and eat it too...

depends if its agreed value, or market value. Generally when its "agreed value" you are paying the premium based on what you put down.

Market value they will pretty much ignore it and take whatever figure they think is reasonable..

[KamikazeR33]

market value also depends on the kms, condition etc of the car aswell in some cases