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Old 08-29-2012, 12:10 AM   #16
CarlG
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Join Date: Nov 2010
Location: Anchorage, Alaska
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Default Re: Catch-22 on agreed value for insurance

Quote:
Originally Posted by Purdy Swoft View Post
... I feel that State Farm or Allstate would ask what the car was valued at, if they agreed, that would be stated value. If there was a claim and the car was totaled, the stated value would be depreciated. With agreed value if the car was a total loss, they would pay the full amount of the agreed value...
I got my Allstate policy out. It says "agreed" not "stated". So what you are saying is that they don't really mean what their policy says??
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