Hi,
My Honda CRV - EXL got stolen from the parking. It was a leased vehicle and since I didn't have much credit history I had to give a downpayment. The vehicle was comprehensively insured. I noted that on my second renewal of insurance, the agenda didn't add OPCF 43 which is a waiver of depreciation waiver in case of total loss or theft case. I was happy when I moved to another insurance company as the premium was less but didn't notice that they have reduced the coverage of this rider.
I consulted a friend who advised me this is a fault of the insurance company agent and I can raise this issue that if the vehicle was new, why this waiver not added in the policy. The premium for this waiver is very nominal. Had I know it is removed, I would have asked for it.
I was not aware of it.
can anyone guide me here, what options do I have?