State Farm insurance has just announced Agreed Value Coverage in
Virginia (I do not know about other states). I have to provide
photos of my car, I don't need an appraisal due to value.
If you live in Virginia I will be happy to answer any questions,
put you in touch with a good agent, or write you coverage for your
classic car at Agreed Value.
You may want to check with your local Agent as I can only represent
State Farm in Virginia.
Richard Bergstrom, President
Central Virginia British Car Club
STATE FARM AGENT
Richmond VA
We welcome all British Cars in the Central Virginia Area
E-mail me for details!
-----Original Message-----
From: Ulix Goettsch <ulix@u.washington.edu>
To: spridgets@autox.team.net <spridgets@autox.team.net>
Date: Monday, March 22, 1999 9:35 PM
Subject: Insurance (sorry!)
>Yeah, I know, I also usually delete every post with this subject
line...
>
>Remembering a past thread (I don't think that word is on bad) on
"stated
>value" versus "agreed value" insurances, I finally got around to
calling
>State Farm to see what kind of insurance I have. I have regular
car
>insurance, but SF had made me get my car appraised for the
comprehensive
>insurance.
>Naturally, I assumed that this value ($4200 as appraised by the
local MG
>club) would be what I get when my car gets stolen so I would like
to see
>a high appraisal.
>
>It turns out that this appraisal serves only for the insurance to
>determine how much of a premium to charge me. If my car gets
stolen, the
>amount of money that the insurance pays me is subject to debate
with the
>adjuster. If the adjuster is good at his job, he will try to give
me as
>little money as possible.
>This is "stated value".
>
>Agreed value can only be done with a collector/historic insurance
with
>restrictions. SF has a list of commercial appraisers who they
accept I
>was told.
>
>Just FYI,
>
> Ulix __/__,__
___/__|\__
>..............................................(_o____o_)....<_O____
_O_/...
> '67 Sprite '74
X1/9
>
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