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In case of accident will HBL take car back at the same pre agreed value at maturity?

April 26, 2017Accident agreed car Case hbl maturity value

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In case of accident will HBL take car back at the same pre agreed value at maturity?

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The insurance premium you pay includes comprehensive coverage as well as the residual value. In case the car is damaged in an accident, the same is covered under the comprehensive insurance. However, the residual value is committed after a fixed term which is agreed at the beginning and cannot be claimed prior to maturity or expiry of the agreed term.