> Does anyone else do that for daily driver
> classics? If so,
> what about "agreed value" etc?
I have my Triumphs insured that way, with a "stated value" policy with
Mercury. That means that, if I suffer a total loss, they get to pay the
lesser of the insured value or the "actual market value".
My TR3A was totaled on the freeway a few years ago, and although I would
much prefer that it not have happened, I have no complaints about Mercury.
They decided the AMV was more than my stated value (I knew I should have
upped it, but didn't), so they just wrote me a check for the entire stated
value ($8K); and I got to keep the car and it's title. Since my freshly
rebuilt OD wasn't harmed, it seemed like a fair deal to me.
Randall
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