The Ford Barn - View Single Post

P.S. · 03-16-2013, 12:27 PM

Over-simplified:

Agreed value means that you and the insurance company agree on the value. If you set it high, they will usually request pictures to document the above average condition/value.

Guaranteed value means that you and the insurance company may not agree on the value, but if you're willing to pay the appropriate premiums, then they will guarantee the value that you choose.

03-16-2013, 12:27 PM	#22
P.S. Senior Member Join Date: Jul 2012 Location: California Posts: 1,696	Re: Model A Insurance via MAFCA or MARC? Over-simplified: Agreed value means that you and the insurance company agree on the value. If you set it high, they will usually request pictures to document the above average condition/value. Guaranteed value means that you and the insurance company may not agree on the value, but if you're willing to pay the appropriate premiums, then they will guarantee the value that you choose.