Does under-invoicing also result in lower insurance coverage?

[StQuinn]

Under-invoicing leads to lower insurance coverage. The impacts of under-invoicing include: Vehicle issues: The purchase amount on the invoice does not match the actual payment (the invoice reflects the purchase amount). If vehicle problems arise, the car seller has the right to compensate based on the invoice amount, meaning the buyer pays the full price but doesn't receive full benefits. Reduced coverage amount: With an under-invoiced purchase, the overall coverage amount for vehicle damage insurance will also decrease. In the event of a major accident resulting in a total loss, the insurance company will use the invoice amount as the compensation standard. Additionally, in cases of theft, if the owner has purchased theft insurance, the compensation will also be calculated based on the invoice amount.