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Message: <blockquote data-quote="Tonteldoos" data-source="post: 1187316" data-attributes="member: 689">I'm not an expert - but I think the principle is to be able to replace like for like. If you theoretically require R50k to repurchase a used set of 803s (or something of equivalent value), then that is what you should insure it for. If you drive 2005 car, you'd expect to pay a premium which is in line with what the car itself is worth, and be paid out that amount if you suffer a loss. You won't drive the car and want to pay the premium commensurate with a 2024 model, so that you can replace your 2005 car with a 2024 model if something happens to it?</blockquote>