[TR] TR4A sale values to contest insurance company ??valuation

[JRH]

Craig H. Nicholls wrote:

> I had my 1972 Triumph TR6 with a stated value
> for what I paid for from the PO.
>
> After 2 years I contacted them and they said I could
> increase it to $16,000 without an appraisal.  I think
> the change cost me around $10 more per year.

Seems to me that the last time there was a serious discussion in this space 
about insurance, it was pointed out that:

"Stated Value" means that the insurance company will pay the cost of repairs 
or replacement, but NO MORE THAN the Stated Value. If the car is a write-off 
or is stolen, the insurance company may still claim that the car was worth 
LESS THAN the Stated Value.

But if the car is a write-off or is stolen and you have an "Agreed Value" 
policy, the insurance company has to write a check for the full amount.

Is that still true?

Jim Hill