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#21
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"Stated Value" is not the same as "Agreed Value".
Stated value just means that that is what the premiums are based on, not what the company will pay at the time of claim. Agreed value means that that is the value that is used when settling a claim. Quote:
I don't like surprises. Stated value could lead to an unpleasant surprise. |
#22
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Quote:
Quote:
$61/month is $732/year . I pay $224 a year for $30K coverage. 2 X $224 is $448; 3 X $224 is $672... so you're paying more than 3 X my rate for less than 2 x the coverage.
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Will Rivera '69 Firebird 400/461, 290+ E D-Ports, HR 230/236, 4l80E, 8.5 Rear, 3.55 gears '64 LeMans 400/461, #16 Heads, HR 230/236, TKO600, 9inch Rear, 3.89 gears '69 LeMans Vert, 350, #47 heads: Non-running project Last edited by grivera; 07-08-2020 at 11:20 AM. |
#23
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This is really good advice. An additional quote can't hurt. Thank you.
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1968 Firebird IAIIa 522 340 E-heads Northwind with XFlow TBI 4L80E 3.50:1 Rear |
#24
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I think the most important takeaway is to read the fine print of the policy in question, and do NOT focus solely on the monthly premium. So many people just look for the lowest price, but are unaware possible policy shortcomings.
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1966 Pontiac GTO (restoration thread) 1998 BMW 328is (track rat) 2023 Subaru Crosstrek Limited (daily) View my photos: Caught in the Wild |
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