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Apr 12, 2024
7:28
:39
am
Tokolosh
Stop the Stupid party member
Question for insurance experts. On my policy each vehicle is covered for physical damage as ACV...
or actual cash value. But one is listed as $31,000.
Does that mean that in the case of a total loss the payout will be $31,000 regardless of value of the vehicle?
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Tokolosh
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Tokolosh
Joined
Jun 9, 2004
Last login
May 1, 2024
Total posts
60,454 (5,641 FO)
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Messages
Author
Time
Question for insurance experts. On my policy each vehicle is covered for physical damage as ACV...
Tokolosh
Stop the Stupid party member
Apr 12, 7:28am
I haven't heard a policy listing the value of a vehicle before unless it's a stated value type policy. But those are
Chemish
Apr 12, 7:35am
I hadn't seen it before either, hence the confusion.
Tokolosh
Apr 12, 7:36am
Confusing for sure
Chemish
Apr 12, 7:40am
Good answer. I will add that many quotes and applications ask for the msrp value
JAGA97
Apr 12, 7:47am
It is just odd to me that one vehicle would be different...
Tokolosh
Apr 12, 7:59am
Probably was selected as stated or agreed value when added to the policy. Or
JAGA97
Apr 12, 8:40am
The more I am looking into this the more I am getting frustrated.
Tokolosh
Apr 12, 11:17am
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