Quote:
Originally Posted by im4u2nvss
from state farm
"State FarmŽ offers agreed-value policies which means if the vehicle experiences a total covered loss, we will pay this agreed-upon value rather than the actual cash value of the car"
This is the process that I had to go thru with state farm. Appraisal, tons of photos then agreement on value.
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Thanks for the info, that's something new. They are like Hagerty, they don't want you to drive the car much. Personally I would be wary only because they list specific events they cover. If you were just out enjoying a ride on the weekend and had an accident, would they cover it at full value if you couldn't document a car show or event you were attending.
Here are some important conditions for classic car insurance eligibility:
Your antique or classic car must be used on a very limited basis, such as exhibitions, club activities, and parades or similar events.
You need to have restored, maintained, or preserved your antique or classic car or it must be actively undergoing restoration.