Originally Posted by DADS50
Originally Posted by Tiny
Dads50, be aware that a stated value policy means you have to prove the value of the vehicle in case of a loss. The burden of proof is on you, not them. Agreed value is where both parties agree on the value BEFORE the policy is enacted. My Grundy policy is an agreed value policy for a total loss of $32K. My policy is under $200 per year and I put 2K to 2.5K on my car annually.

Thanks for that info
I haven’t received the policy yet. Not sure if it "Stated or Agreed" That may be why they required the photos.

When the agent asked me the value I told him PRICELESS since it was my Dads old truck.
I Had him quote me $8,000 and $10,000. It was the same rate.
I have home and 2 other vehicles with them
Ill carefully review the policy
Thank you

Got the info on the Antique or Classic Motor Vehicle policy I just got with State Farm.
I mistakenly posted the value was a "Stated" Value.
The Policy has this statement...
You and we agree that the actual cash value of your car is the vehicle value shown on the Declaration Page:

I estimated the value to the agent at 10,000
That is what is on the policy

I saved $220.00 a year by switching to the antique coverage and now have tow.

This is a good deal in my case because I occasionally drive my truck.
Like to get a Tree, or to the hardware store,maybe even to work..
smile

Good Luck

DADS50
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1950 chevy 3100