What if tags are stolen?

[wbute]

no official word yet but I spoke to another bloke at shannons who mentioned the notes on the system are suggesting a value drop of 40% if tags are stolen! We may be getting somewhere. Should hear from them Monday

So what does that mean? They pay you out 40% of the value if they are lost/stolen? Does that also then mean that they will only insure that car for 60% of its market value from then on?

[Vombil]

So what does that mean? They pay you out 40% of the value if they are lost/stolen? Does that also then mean that they will only insure that car for 60% of its market value from then on?

not sure yet mate. the fella asked me to wait until monday. should get the wrap then. I'd imagine the 40% as a pay out would seem logical and yes, if they have paid you out and you continue to insure with them then I'd imagine it would be at the 60% of the original value. They would be overexposed otherwise