Can I get insured for a higher amount?

[pawan]

I have an eight-year-old Maruti 800 in good condition and definitely worth more than the Rs 50,000 my insurer has valued it at. Can I get it insured for a higher amount?

Insured - Underinsurance or Overinsurance both are bad. So go for the value with the mutual consent with the insurer. So that you would not face any problem later on.