<VV> Stated Value vs. Agreed Value policies

[Sethracer at aol.com]

In a message dated 6/2/2010 7:10:40 A.M. Pacific Daylight Time,  
therobbins82 at gmail.com writes:

I think  all classic car insurance companies do the agreed value policy, I
know  Hagerty does, I like them.
Joe R








Be cautious with these policies - The phrases "stated value" and "agreed  
value" do not necessarily mean the same thing. I have heard that "stated 
value"  is what you state - they will decide if you made a good estimate when 
they  settle your claim. (for better or worse). Agreed value means they agree  
with your estimate ahead of time, and won't argue replacement costs or 
issues if  a claim happens. Anybody have experience with the two types  of 
policies?  Experience with a claim?
 


Seth Emerson

C's the Day! -  Corvair, Camaro, Corvette
San Jose,  CA