TwinTurbo.NET: Nissan 300ZX forum - Stated value, or agreed value?
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Subject Stated value, or agreed value?
     
Posted by PiotrC70 on May 07, 2016 at 9:13 AM
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In Reply To I have Hagerty on the 95TT posted by ZXRider on May 06, 2016 at 10:37 PM
     
Message Stated value:
You: Hey, I want 20k coverage.
Them: Okay, we'll cover your car for a 20k policy.

Once you get in a wreck, they don't cut you a check for 20k but you'd have hoops to jump through to prove your car was worth 20k.

Agreed value is the insurance and underwriters AGREEING your car is worth 20k so that in the even of a total, they will cut you a check for the agreed value.


1993 TT. R.I.P. 09.15.2010

     
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