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WHY GUARANTEED VALUE™ COVERAGE IS IMPORTANT FOR CLASSIC CARS

07.26.16

There are three ways auto insurance companies pay out claims. Standard on most policies is actual cash value, which pays out claims based on depreciated, used-car values. Some companies offer stated value for classics, which allows clients to set their own values. The only problem is that insurers are allowed to pay the lesser of the stated value or the actual cash value. Because classics usually maintain or appreciate their values, neither of these options are ideal.

With Guaranteed Value™ (AKA agreed value) coverage, the insurance company and the client agree on a value for the classic. If there’s a covered total loss, clients receive that full value, less any deductible and/or salvage value, if the vehicle is retained. No depreciation. No messing around. No hassle.  Call Mellissa TODAY ! 508-824-5875   http://www.allanwalker.com/for-individuals/classic-car
Guaranteed Value from Hagerty

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