Quote:
Originally Posted by camcojb
Just make sure it's agreed value, not stated. If it says "actual cash value" on the declarations page it is not agreed value, and they can look at comps and give you a smaller value than the policy is based on.
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Well, bummer. Now I'm confused.
On my Policy Declarations page it clearly states the following.
Coverage:
Other Than Collision Agreed Value
Collision Agreed Value
Limit/Description
$1XXXXX
$1XXXXX
Then, in Part D "Coverage for Damage to Your Auto" of the policy pages, it states Limit Of Liability A. Our limit of liability will be the lesser of the: 1. Actual cash value of the stolen or damaged property; or 2. Amount necessary to repair or replace the property with other property of like kind and quality.