Like most insurers in Australia, KOBA uses Glass's data to source car values.
During the quote process, we suggest an Agreed Value based on the Glass's data outlined above. You then have the choice to increase or decrease your Agreed Value, which is the amount we agree to insure your car for, during a policy period.
The Agreed Value includes the standard options and accessories that are fitted, as well as any modifications that we accept. It is also the maximum amount we will pay for loss or damage to your car unless we are settling you for a total loss under the New Car Replacement benefit.
For situations which we do not provide cover for, please refer to our PDS under the 'What's not covered' section.