i had an accident in my ute earlier this year, a15 lowered mags extractors exhaust etc.( not my fault) and the car was claimed as a repairable write off. they were going to give me there market value which was 1500 dollars for the ute when i had just spent 5,000 on it. i showed 10 similar utes for sale on trading post and car sales ranging from 2500 -6000 and i recieved a payout of 3800. it says market value so i guess that means what they are selling for else where....... market value.... not there market value. i then brought the car back for 50 dollars and sold it for a 1000 to johndownunder on here and he repaired it. just some ingfo to help others......

So clearly agreed value is the way to go, not market value.