<VV> Stated Value vs. Agreed Value policies

[Robby]

I have State Farm stated value as well and was told that the stated value is
the maximum that would be paid in the event of a loss but didn't guarantee I
would receive that amount.  Agreed value is the only way to ensure a
definite value

Robby

On Wed, Jun 2, 2010 at 10:38 AM, The Robbins <therobbins82 at gmail.com> wrote:

> Mine is in black and white as far  as what they would give me in a total
> loss. Heck of a lot more than it would sell for.
>
>
>
> -----Original Message-----
> From: virtualvairs-bounces at corvair.org
> [mailto:virtualvairs-bounces at corvair.org] On Behalf Of Sethracer at aol.com
> Sent: Wednesday, June 02, 2010 9:43 AM
> To: virtualvairs at corvair.org
> Subject: <VV> Stated Value vs. Agreed Value policies
>
>
>
> 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
>
>
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