Sorry, Charlie, you're 180 out. The term is 'increased by', so by next April
20, the "Agreed Value" would about $16,200, returning to $15,000 on April 21
unless I change it.
Charley & Peggy Robinson wrote:
> Let's see, at the beginning of the policy period the agreed value is
> $15K -- if that's what's stated in the declarations page -- but at the
> end of the period it's $13.8K (2% per quarter = 8%). Then it "reverts"
> to the new (or old) agreed value in the declarations page. So they're
> depreciating the car during the policy period. I wonder what their
> rationale is for that.
>
> Cheers,
>
> CR
--
Bud Krueger
http://home.ici.net/~bkrueger/
52TD
77MGB
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