‘Market value’ is a variable amount based on our assessment of how much the market would pay for your car at the time of the incident.

It's based on factors such as:

• the car's age
• make and model
• kilometres driven, and
• the car's overall condition.

We may use recognised industry guides and publications to help determine your car’s market value. It's important to know that this value doesn't include costs such as:

• registration
• CTP/MAI insurance
• stamp duty
• transfer fees, and
• dealer warranty costs or dealer delivery.

For more details, check the Product Disclosure Statement (PDS).