Re: Insurance Policy Language (longish)

[Charley & Peggy Robinson <ccrobins@ktc.com>]

  Let's see, at the beginning of the policy period the agreed value is
$15K -- if that's what's stated in the declarations page -- but at the
end of the period it's $13.8K (2% per quarter = 8%).  Then it "reverts"
to the new (or old) agreed value in the declarations page.  So they're
depreciating the car during the policy period.  I wonder what their
rationale is for that.

  Cheers,

  CR

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