Insurance value

[silkman]

How do I know if I'm not paying too much insurance. I have a 2009 Mazda 5 2.0L Individual 38 000 km which the insurance company is valuing at R200 000.
If the car is stolen is that what they will pay? is it overvalued?

 

[Hemi300c]

Market value
2009 Mazda 5 2.0L Individual 6spd
Market R188 200
Retail R201 000
Trade R175 400
M&M code 43054221

Most insure for market. Remember this excludes any non factory fitted extras ie Sunroof Towbar etc

 

[silkman]

Thanks dude