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so you sold your scooter to your cousin for $2,000 declared it as a gift to save $140 on taxes... so you just admitted to fraud on a public forum... smart...
but if you're asking about declared value for insurance, i think with ICBC, they pay out whichever is the lower value. If your declared value is higher than market value, they pay you market value. If market value is higher, they pay you declared value...
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Fast, Reliable, Cheap
A car can be only 2 out of the 3.
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