Subject	I ditched my Allstate "stated value policy." My declaration
Posted by	240Z FeO2 on August 08, 2009 at 10:41 AM
	This message has been viewed 265 times.
In Reply To	I had the Z and Maxima on Allstate posted by Ahmed (Chicago) on August 07, 2009 at 03:06 PM
Message	specified the stated value amount ($20,000 in my case) "or actual cash value." I was never comfortable with this terminology in the event my car was a total loss. When I asked my agent to document how a conflict between stated value and actual cash value would be resolved in case of loss, he came up with nothing. If the declaration had said "whichever is greater," that would have been fine with me. But I feared the company would rule "whichever is less." I didn't want to take the chance of finding out the hard way. I canceled the policy and went with Haggerty. Their contract is more clear and they were cheaper anyway. Chance favors the informed
Follow Ups	Stated Value Insurance follow-up - Ahmed (Chicago) 14:45:31 08/07/09 My old State Farm agent said they didn't do stated value - zgene4 15:00:51 08/07/09 I had the Z and Maxima on Allstate - Ahmed (Chicago) 15:06:15 08/07/09 Just proves it all depends on what day you call and who - zgene4 15:09:34 08/07/09 Yup, and never underestimate the power of phone flirting:) (n/m) - tdogzjoint 15:35:56 08/07/09 I filled out and faxed in a standard Haggerty app... - The Hawk 15:45:47 08/07/09 I ditched my Allstate "stated value policy." My declaration - 240Z FeO2 10:41:13 08/08/09 That seems oddly low..... - The Hawk 15:43:57 08/07/09 There often are restrictions with insurance of that type - SactoTodd 17:31:56 08/07/09 I realize that.... - The Hawk 20:38:46 08/07/09 I need to follow through - SactoTodd 21:37:02 08/07/09 I asked my State Farm rep about this >> - my91z 07:18:05 08/09/09 I don't have it, I was checking around a bit ago. (n/m) - SactoTodd 11:00:14 08/09/09 Re: Stated Value Insurance follow-up - TT_Paulz0r 15:56:13 08/07/09 mine is also covered as an Antique/Classic car (n/m) - Ahmed (Chicago) 16:00:50 08/07/09 You really need to read the policy documents - lazer(NV) 15:58:49 08/07/09 i asked her those questions on the phone - Ahmed (Chicago) 16:02:50 08/07/09 Yup....for that low of a premium there is def a catch (n/m) - The Hawk 20:39:35 08/07/09 My stated value for a TR-6 is $106 yr for $15k w/StFarm (n/m) - whitepearl 17:00:13 08/07/09 A Triumph TR-6? - aliaZ 17:03:44 08/07/09 Yep, here are some pics - whitepearl 09:14:13 08/08/09 nice - aliaZ 10:49:01 08/08/09 very nice! Love that red MGBGT, my dad had a blue one > - my91z 07:14:28 08/09/09 I have stated value with Shield of Shelter ins. >> - not-hrz 21:26:21 08/07/09
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