What is kasko value?
Kasko value is the value of your vehicle used as the sum insured on a kasko policy. This amount sets the maximum payable in cases such as damage or theft, so it matters that the vehicle is insured for an amount close to its real market value.
How does the kasko value calculator work?
Just enter the vehicle's new list price, model year and mileage. A vehicle loses value at a certain rate with age; usage above the yearly average mileage lowers the value, while usage below it raises it slightly.
The result shows an estimated kasko value and a possible range. The range reflects fluctuations in market conditions.
Why does the kasko amount matter?
A kasko taken with too low an amount may not cover the full loss in a claim. An amount that is too high makes you pay unnecessary premium. The right amount is critical for both a fair premium and full cover.
Factors affecting kasko value
Vehicle age, make and model, equipment level, mileage, general condition, claim history, regional market differences and second-hand market conditions all affect kasko value. This estimator considers some of these; the exact value requires looking at the vehicle's current condition.