Agreed Value vs. Stated Value in Classic Car Insurance

Classic car insurance is essential for preserving the value and enjoyment of your cherished vehicle. Two primary valuation methods are commonly offered when insuring classic cars: Agreed Value and Stated Value. Understanding the differences between these methods is crucial for making an informed decision. Agreed Value Definition: Agreed Value, also known as Guaranteed Value, is …

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Ultimate Guide to Classic Car Insurance

What is Classic Car Insurance? Classic car insurance is a specialized policy designed specifically for classic, vintage, or antique cars. Unlike standard auto insurance, which covers everyday vehicles used for commuting and general transportation, classic car insurance caters to vehicles that are often driven less frequently and are typically considered collector’s items. These vehicles usually …

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