quote:Originally posted by lastpushbutton:
I have a stated policy 28,000, car must be driven less than 2000 anualy, garaged and car club membership, through JC Taylor about $400 anually.
..LPB
Yipes, I gotta think a pushbutton is worth more than $28?
The thing I like about an Agreed Value policy is that the value can reflect more than the Market or Stated Value. Why is this important? Well let's say you have a car that recently underwent a restoration or other costly upgrade. We all know that the money you spend on the resto is not totally reflected in the Market Value of the car. With an Agreed Value policy, however, you can insure the car for the money you have put into the car, even if it is above Market Value, provided it is reasonable.
For perspective, I pay a little more than LBP for an no mileage limitation Agreed Value policy where the agreed value is considerably higher to reflect the recent restoration costs I have incurred. In my case, I wouldn't want to risk the money I have spent on the car with a Stated Value policy. IMHO, that is what insurance is all about.
Jeff
6559