On Thu, Aug 4, 2011 at 12:28 PM, Allen Hefner <lbc77mg@gmail.com> wrote:
> Be careful with regular insurance companies like State Farm and Prog. Make
> absolutely sure they are giving you "AGREED" value and not "STATED" value.
> Stated value means nothing. If you total the car, they give you ACV, which
> is about $500 for a 40 year old car.
<snip>
> In any case, READ THE FINE PRINT!
<snip>
I agree with Allen - except I would say be careful with ANY insurance
company! :-)
My bi-annual State Farm policy renewal states right on it "AGREED VALUE".
Disclaimer: I have no interest (past, present, or anticipated) in
State Farm, other than as a very satisfied customer for nearly 30
years.
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