12-06-2003, 07:07 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Glendale,
AZ.
Cobra Make, Engine: Cobray-C3, The 60's body lines on todays chassis technology
Posts: 2,302
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Not Ranked
Insurance - Type - Apprasial
I need some help or to know the ins/outs of Insurance and types of policys. Do we have an Agent or Lawyer with the scoop? What Policy type do I need to make sure I have ? Does a written apprasial need to be updated if you have an agreeed value policy?
I have a policy that is for an agreed value in case of loss. I think that means if total loss the policy pays that amount and is not depreciated from date policy was issued ??. Is there a difference between stated and agreed value? Is there some hidden clause I need to look out for being used in the market? Does a written apprasial need to be updated or is a value fixed and I am paying Premiums for that Agreed amount I am covered? Please give me and others the NEED TO KNOW stuff about insurance and what to watch out for. I do have un and under insured coverage that I feel is a must especially since I live in a US border state and less than an hour from Mexico.
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