On Tuesday, March 30, 2004, at 03:19 PM, Automatic digest processor wrote: > I believe he once told another friend of ours (who has a lot of antique > cars) that he could by insurance coverage at a set pay out price. In > other > words, if you value the car (van) at $15,000.00, then you want > coverage for > that amount and will pay the premium. If you get smacked they will pay > up to > 15 to cover repairs or replacement. Kind of like "life insurance" for > your > car. > It's called "agreed value" and is supported by an approved appraisal. In Canada the appropriate clause is an "SEF 19a" . That "a" being very important. An SEF19 is worthless as in the company's eyes it merely states what the owner thinks it's worth. . Check for ads for special interest insurers in Hemmings, particularly if it's not a daily driver. |
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