Adrian,
You do not want a "stated amount" policy; you want an "agreed amount"
policy. A stated amount policy will pay you "Actual Cash Value" an
"Agreed Amount" policy will pay you the "Agreed Amount". A "stated
amount" is only the basis for rating and has nothing to do with the
amount for which the vehicle is insured.
Jay Fishbein, CT
On 03/10/99 14:50:04 you wrote:
>
>I am wanting to start working on getting my car insured. My insurance
>company is Farmers, and my agent claims that for a stated value policy,
>I must have a value stated by a dealer or other appraiser. Anybody
else
>use Farmers that could give me more info? Also, what methods do I use
>to get an accurate value for the car? I know I'll have about $6000 in
>this car, some receipted, some not (used parts, etc). I am heading to
>the mgcars.org site to see what people are asking for the cars.
Thanks!
>
>adrian
>75 Midget soon-to-be assembled (I hope)
>
>--
>------------------------------------
>J. Adrian Barnes
>http://user.icx.net/~adrian/midget
>http://www.ravineware.com
>
>"When there was no meat, we ate
>fowl. When there was no fowl we
>ate crawdads. When there were no
>crawdads we ate sand."
>------------------------------------
>
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