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Re: Insurance Policy Language (longish)

To: Charley & Peggy Robinson <>
Subject: Re: Insurance Policy Language (longish)
From: Bud Krueger <>
Date: Sat, 07 Apr 2001 16:45:20 -0400
Sorry, Charlie, you're 180 out.  The term is 'increased by', so by next April
20, the "Agreed Value" would about $16,200, returning to $15,000 on April 21
unless I change it.

Charley & Peggy Robinson wrote:

>   Let's see, at the beginning of the policy period the agreed value is
> $15K -- if that's what's stated in the declarations page -- but at the
> end of the period it's $13.8K (2% per quarter = 8%).  Then it "reverts"
> to the new (or old) agreed value in the declarations page.  So they're
> depreciating the car during the policy period.  I wonder what their
> rationale is for that.
>   Cheers,
>   CR

Bud Krueger

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