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Originally Posted by BonzoHansen
No, he is not calling you a liar. He is saying read the dec page & policy. It can be misleading and brokers/agents don't always fully grasp it (or care to) either. The language differences as highlighted above are subtle yet different. Better to research now then find out later when they won't pay what you expect. We know a lot of guys with this type of insurance and no one has produced a state farm document showing true agreed value. Now insurance is a state-by-state product so SF may carry coverage A in PA and not NJ, etc., which is why you should read.
Here is my 08-09 Hagerty Policy and dec page. Notice the term Agreed Value stated right on the dec.
http://www.nastyz28.com/~BonzoHansen...ertyPolicy.pdf
More notes from Hagerty's site, just as an example. Note they make the same language distinctions as posted ealier.
And if they made you provide comparables IMO that is a bad sign. Collector car insurers know. |
Yes. This is absolutely, positively, 100% nothing personal.
Scott and I know plenty of guys with collector cars, and none, as in ZERO of those guys with State Farm have a true agreed value policy. Some of the SF agents don't even know the difference. And that's not to say that SF is not a good insurance company, but they just don't have what you probably really want. I have personally spoken to a SF agent at length about this and they said just that- they don't offer agreed value like Hagerty. This may have changed- but I do not believe it has. Please look into this if you want an agreed value for your car. I just don't want to see you get screwed because SF was not up front with you.