Not so sure Bud,
The language is "..limit of liability is increased by...." If they
increase the limitation, doesn't that mean they pay less? Call 'em up
and ask for a written explanation. I could be seeing it backwards but
it doesn't hurt to be sure. Any lawyers out there?
Cheers,
CR
Bud Krueger wrote:
>
> Sorry, Charlie, you're 180 out. The term is 'increased by', so by next April
> 20, the "Agreed Value" would about $16,200, returning to $15,000 on April 21
> unless I change it.
>
> Charley & Peggy Robinson wrote:
>
> > 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
>
> --
> Bud Krueger
> http://home.ici.net/~bkrueger/
> 52TD
> 77MGB
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