The Ford Barn

Keith True · 03-16-2013, 12:20 PM

Rusty,if you see,stated value,or actual cash value,(acv)run the other way.The value you put on it at the time is the starting point to pay you,it goes down from there.Stated value is whatever they state it is at time of loss,and acv is determined by looking at the old car price guides.Have you seen those that set the price of a running,driving,Tudor at $995? I pay about $300.per year for three A's and a 54 Studebaker,total value somewhere around $50,000.Has always been agreed value,but Hagerty has changed it to guaranteed value instead of agreed.I've been asking about that,but all I'm getting from Hagerty is it means the same thing as agreed.If that is the case then why bother to change? If I don't get a reasonable answer by renewal time in May I'm going shopping again.

03-16-2013, 12:20 PM	#22
Keith True Senior Member Join Date: May 2010 Location: Epping N.H. Posts: 2,987	Re: Model A Insurance via MAFCA or MARC? Rusty,if you see,stated value,or actual cash value,(acv)run the other way.The value you put on it at the time is the starting point to pay you,it goes down from there.Stated value is whatever they state it is at time of loss,and acv is determined by looking at the old car price guides.Have you seen those that set the price of a running,driving,Tudor at $995? I pay about $300.per year for three A's and a 54 Studebaker,total value somewhere around $50,000.Has always been agreed value,but Hagerty has changed it to guaranteed value instead of agreed.I've been asking about that,but all I'm getting from Hagerty is it means the same thing as agreed.If that is the case then why bother to change? If I don't get a reasonable answer by renewal time in May I'm going shopping again.