Reply to "Insurance Valuation"

lf-tp2511Member

The market for our cars seems to be in an upward rise. If it lasts, flattens out or goes back down is anyone's guess.

I recently called my State Farm rep (Yes, it is an agreed value policy), who checked with his underwriters. They were fine with an upgrade to $85K, and said $100K for a perfect example would not be unreasonable.

The price difference usually is not much once you have the basic policy, so I would simply try to get a high valuation, go with whatever the insurer will accept.

A quality appraisal would be good to have, also.

Whoever you choose, make sure your policy is "agreed value" and not "stated value".

Larry

2/13/158:29 AM

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