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Originally Posted by HealeyRick
Just a tip. You don't want "stated" value on a collector car. What you want is "agreed value" Here's the difference: https://www.hagerty.com/insurance/in...aranteed-value Most of the collector car insurance companies offer "agreed value" but the regular insurance companies offer "stated value" It can be a huge difference when it's time to pay out. |
It looks like you will need to read the policy (CONTRACT) on a policy by policy basis. Grundy's AGREED value endorsement, "we will pay the amount STATED in the Declaration." With Grundy, they appear to be synonymous. The policy is a contract and it would be best to read now, rather than learn the hard way when it counts.