Re: $125K stated value insurance?
Agreed value is a guarantees the $125,000 will be paid to you in a total loss situation. Stated value does not, it is just a way to establish a rate to charge you the premium, yet the value is not determined until after the total loss occurs and the insurance company can pay you what they determine the value is. This is when you will end up short due to depreciation. Thanks, give me a call if you wish to disucss further or need a collector auto ins quote (1-866-695-2774)
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05-19-2005, 08:02 PM
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