Quote:
Originally Posted by Cairo94507
I have Grudy. I sent them high quality photos of the entire car and asked for a stated value and they agreed. By the way, Grundy was about 30% less than Hagerty.
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Agreed value vs. stated value insurance
Agreed value insurance sets the maximum coverage at the agreed-on number between the insurance company and the insured person. Stated value insurance covers whichever is lower: the agreed value (which is also sometimes called stated value) or the actual cash value. The actual cash value is the cost to replace the item in its current condition (the depreciated value) and is sometimes called the market value.
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Steve
1981 SC Steel Widebody Outlaw in Pacific Blue and Artic White, 930/51 to 3.2l, K27 7006 Turbo, P&P Twin Plug heads, Twinfire Ignition, BLwur, Ruf Intercooler, Powerhaus headers, Zork, CIS Euro FD, 009 injectors, DOD, DP Lid, 044 pump, 930 4 sp LSD, Mocal 44 w/fan, LM2, Brembo, Retroair, Euromeisters.
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