Agreed Value Agreed Value is the amount that policyholders value their vehicle at when their policy incepts. This is also the amount they will be paid out less the applicable excess in the event of a total loss. No matter what.	Products A comprehensive range of products to keep your business on the road. More   Quotation Request a quotation. More Value added products Add these specially designed add-on products to existing policies. More
Agreed Value   What's more, HCV does this without the annual rate increases. Compare HCV payouts with a similar product, in the following example,   Settlement on a total loss of 2007 Mercedes Benz 2535 LS/39 Axor 2 c/c T/T Original cost price Assume covered for Example current Market Value Similar underwriting manager settlement HCV Agreed Value settlement R 886,640 R 800,000 R 683,650 R 683,650 less 10% excess R 615,285 R 800,000 less 10% excess R 720,000 Back to top

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The Heavy Commercial Vehicle Underwriting Managers (Pty) Limited (HCV) product offering is underwritten by Lombard Insurance Company Limited. Registration Number 1996/001253/06 VAT Number 4360121331. HCV is an authorised financial services provider. FSP License Number 9853 Registration Number 1995/010667/07 VAT Number 4950187627 Tel 011 628 3000 Fax 086 538 0958 www.hcv.co.za 08610-CARES (22737)