[Spridgets] Insurance 101

[Jay]

A good explanation of Agreed Value and ACV, but their explanation of Stated 
Value is a bit vague. To be more clear, they should explain that under Stated 
Value coverage, the Stated Value amount is not the amount that will be paid at 
the time of loss. Stated Value is the amount used to rate the cost of the 
Physical Damage insurance in the absence of any other means to rate that 
coverage for the vehicle.

You do not want "Stated Value" aka "Stated Amount" coverage. You want "Agreed 
Value".

 jay fishbein
wallingford, ct





________________________________
From: HealeyRick <healeyrick at yahoo.com>
To: healeys at autox.team.net; spridgets at autox.team.net
Sent: Mon, March 14, 2011 9:54:38 PM
Subject: [Spridgets] Insurance 101

Here's a good discussion of the differences among "Actual Cash Value", "Stated
Amount" and "Agreed Value" policies:  http://www.grundy.com/insurance101/