Reply
 
Thread Tools Search this Thread Display Modes
 
Old 05-23-2013, 03:41 PM   #15
Rivet Master
 
AWCHIEF's Avatar
 
2006 23' Safari SE
Biloxi , Mississippi
Join Date: Nov 2011
Posts: 8,138
Images: 33
Neither State Farm nor Allstate would touch my 1964 Bambi II. USAA and Progressive would cover me, but not with an agreed value policy. I have Foremost agreed value coverage on my trailer with the max amount in writing so there hopefully will not be an issue if I ever have to file a claim. In addition the premium to Foremost is less than all the other quotes I received.
__________________

__________________
MICHAEL

Do you know what a learning experience is? A learning experience is one of those things that says "You know that thing that you just did? Don't do that."
AWCHIEF is offline   Reply With Quote
Old 05-23-2013, 04:03 PM   #16
New Member
 
1994 30' Excella
Lincolnville , Maine
Join Date: Apr 2013
Posts: 2
People should always read the definition of agreed amount or stated amount or the "what we will pay" section of their policies. In most cases they are telling you that those amounts are the MOST they will pay. They will never pay more than the actual cash value, no matter what stated amount. It's usually up to you to prove the ACV:^)

Stated amount is used to protect them, not you.
__________________

__________________
Dfrenchy is offline   Reply With Quote
Old 05-23-2013, 05:38 PM   #17
Rivet Master
 
2010 27' FB Classic
N/A , Texas
Join Date: Apr 2008
Posts: 1,717
Protagonist,
Thanks, Those are some good ideas.
__________________
Bluto is offline   Reply With Quote
Old 05-23-2013, 06:13 PM   #18
Rivet Master
 
AWCHIEF's Avatar
 
2006 23' Safari SE
Biloxi , Mississippi
Join Date: Nov 2011
Posts: 8,138
Images: 33
Quote:
Originally Posted by Dfrenchy View Post
People should always read the definition of agreed amount or stated amount or the "what we will pay" section of their policies. In most cases they are telling you that those amounts are the MOST they will pay. They will never pay more than the actual cash value, no matter what stated amount. It's usually up to you to prove the ACV:^)

Stated amount is used to protect them, not you.
That is why you need to get the agreed value in writing.
__________________
MICHAEL

Do you know what a learning experience is? A learning experience is one of those things that says "You know that thing that you just did? Don't do that."
AWCHIEF is offline   Reply With Quote
Old 09-23-2013, 02:30 PM   #19
Rivet Master
 
1972 27' Overlander
Denver , North Carolina
Join Date: Aug 2004
Posts: 750
Images: 4
The Big Three Insurance companies do not write Agreed Value policies. If you *think* you have an agreed value policy call your agent and ask them to show you the verbage. It is very simple. The policy will say "In the event of a total loss the company will pay $XXX" be prepared to provide an appraisal. Stated Value coverage is *not* the same thing.
__________________

__________________
mccrosti is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Virginia Campgrounds

Reviews provided by




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 02:51 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.

Airstream is a registered trademark of Airstream Inc. All rights reserved. Airstream trademark used under license to Social Knowledge LLC.