[HowardV]

They stated this was an "actual cash value" policy. As I stated, they wanted printouts of ads for similar vehicles to determine value. I printed out lots of Superformance ads, mostly in the $40K range.

I'm not too sure what they meant by "actual cash value". I thought this meant value being determined by what other similar SPFs are selling for at time of loss. Honestly, I was horrified of not having any coverage for collision, theft, and fire for several weeks. The main reason for paying this excess premium was two folds:

1. Immediate full coverage as of signing of documents.

2. No mileage limitations.

I will call on Monday and ask more about actual cash value.

Thanks for pointing out "agreed value policy".

Howard