DOs AND The DONTs: DO NOT Undervalue the Vehicle
In Motor insurance do not undervalue the vehicle in order to reduce the premium payable. If you meet with an accident and want the vehicle repaired the insurer will for the first time inspect and see the vehicle. He will soon realise that the vehicle is worth very much more than the value for which you insured. Then the insurance company can impose a stiff penalty. If you contest, they can offer to buy the vehicle at the value you insured. Thus, there is no escape if you undervalue.