It means a value for the vehicle is set with you when the policy is written, rather than relying on standard depreciation. In a covered total loss, that agreed figure typically guides the claim.
Related FAQs
Secure storage, such as a garage, is often expected for collector vehicles. Requirements vary, so it helps to talk through your situation.
Antique, classic, collectible, and specialty vehicles may qualify, though criteria differ. We can help you understand whether your vehicle typically fits.
These policies are generally not built for daily driving. They usually assume occasional or limited use, so a daily commute may call for a different type of coverage. ...
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