All motor policies in Malta do not cover vehicles on an agreed value. The policy usually states that the value of the vehicle must be the market value at the time of the loss.



The vehicle value usually features in the event of a claim where the vehicle is beyond economical repair and is written-off. The market value is usually the price that the vehicle would fetch in the Maltese market if sold at that time. Please note that all vehicle values decrease every year and Insurers provide an estimate based on data provided to us by a Malta Insurance Association contractor – Cartell.com.mt as well as other value guides issued by the Malta Insurance Association. However, this is just a guide and a lot depends on the condition and use of the vehicle. Values also tend to vary from vehicles purchased in Malta to ones bought second-hand from the UK.



Clients are also given the option to have the vehicle privately surveyed. Insurance companies will accept the value on the survey report as long as the surveyor is approved by the Malta Insurance Association.

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