Ive asked this question before but its probably more appropriate in this thread.
What if anything have we discovered about insurance gap? As a result of a very near miss recently Ive been back to clarify the term new for old with AAMI on the first 2 years of my policy. When we got right down to the fine print it turns our its new for old up to but NOT past $150K.
Direct replacement price for my car at the current price/exchange rate is $206500 so I am searching for Insurance that is truly New for Old. Happy to pay the increased premium given the value of whats being covered. I would assume that everyone with super cars al la $150K plus must face this same problem.? I am asking myself whether or not I have missed something obvious?( Apart from Insurance companies being a little less than helpful)