Quote:
Originally Posted by NightRydaSS
i thought was the whole point of "agreed value". You and the INS company agree on the value of the car (say $20K), and if something happens to that car, you get the agreed upon $20K, right?
tru, i never thought of it like that.
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Yes, you get the agreed value in that case. Make sure it's agreed value and not stated value (I think that's the term).
Just to state the obvious though, remember that it has to be agreed value. Just because you think it's worth 20k doesn't mean the ins. company will.