11-10-2010, 08:33 PM
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CC Member
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Join Date: Dec 2006
Location: Hicksville, Long Island,
NY
Cobra Make, Engine: Venom 427, Ford Racing 392ci/430 hp
Posts: 46
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Not Ranked
Quote:
Originally Posted by Got the Bug
From the insurance company that I use.
Agreed Value Coverage-
(is coverage where the insured and the insurance company agrees on a value of the vehicle and at the time of the loss your vehicle can not be depreciated)
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Two years ago I unfortunately had to make a claim, I was (and still am) insured by American Collectors Insurance Co. on my Cobra, and now a GT-H. The cobra was totaled and they gave me the full agreed upon price and an ADDITIONAL 3% FOR INFLATION!!
Hagerty and Grundy would take the Cobra policy. |
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