make sure it is agreed value not stated value. there is a very large
difference. with agreed value both you and the insurance company agree on a
value of the car and that is the claim amount in case of total loss or
theft. With stated value you state the value and they charge you premiums
for that value but the insurance company is not bound to pay any more than
they see (book) the value of the vehicle. so if it is agreed value of 25K,
the car gets wrecked you get 25K. if it is stated value of 25k and the car
gets wrecked you get whatever is in their book for 1975 vehicle, maybe 500.
I Know it is not fair but that is the way insurance companies work.
On 5/29/06 3:46:01 PM, Seth (sbunin@cablespeed.com) wrote:
> Allstate will insure at appraised value for a daily driver.
>
> Seth
> #1544
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