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carmen78sc carmen78sc is offline
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Join Date: Jul 2004
Location: Seattle
Posts: 181
P.S. - Yes, you want "agreed value". "Stated amount" only benefits the insurance company. Most companies base their comprehensive and collision rates based on the cost of a vehicle when it was new. Well, a 25 year old Porsche had the same cost new as today's Honda. When it comes time to settle a total loss claim, the company will pay you the LESSER of the stated amount or actual cash value (subjective) under a "stated amount" policy. Under "agreed value", they just cut you a check for that amount.
1978 911sc Targa (Sold )
2005 BMW X5 3.0i
2000 BMW 528iT (5 spd, sport)
2000 BMW 323Ci conv. (4 sale)
1987 Corvette Callaway Twin-Turbo Conv
Old 10-13-2005, 03:30 PM
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