<VV> Classic Car Insurance

[Dave Keillor]

Be aware that there is an important difference between "declared" or
"stated" value and "agreed" value.  (The latter is what most classic car
insurers sell.)  With agreed value, you and the insurer have agreed on
the value in advance and in the event of a total loss that's what you
get.  With declared or stated value, you have set the value of the car.
However, the insurance company is only obligated to pay the lesser of: 
 -- The stated amount or 
 -- The cost to repair the covered auto not to exceed the stated amount 
 -- The actual cash value

BIG difference between agreed and stated value insurance!  Having a
current appraisal from a recognized appraiser will help, but not
guarantee that you get the stated amount in the case of a total loss.

Dave Keillor