agreed value coverage
With this coverage, you and the insurance company decide how much your car is worth. If it gets damaged or stolen, you'll get that exact amount back, not a lower value based on how old it is.
Agreed value coverage is an insurance policy type where the insurer and insured agree on a specific monetary value for the vehicle. If the car is totaled, the payout equals that agreed amount regardless of market depreciation.
Hear It Discussed
"And that coverage is agreed value coverage. So there's no disagreement on what your vehicle is covered for."
Can Oil and Gas Ruin Your Engine? How Can You Fix That? Under The Hood show
"NCM Insurance specializes in agreed value coverage designed specifically for classic collector and enthusiast vehicles. From weekend drivers to serious collectors, they understand how these cars..."
417: Dream Corvettes, Smart Coverage, and Keep Cash or Crush with Adam Boca of NCM Insurance The Collector Car Podcast
Cars Known For This
Episodes Mentioning "agreed value coverage"
417: Dream Corvettes, Smart Coverage, and Keep Cash or Crush with Adam Boca of NCM Insurance
The Collector Car Podcast
416: Hagerty's Dave Kinney on Where Collector Car Values Are Heading
The Collector Car Podcast
415: Inside the Heritage Invitational The Cars and the Stories Behind Them
The Collector Car Podcast
414: Collectible Classics Joey Benjamini Redefining the Dealership Model
The Collector Car Podcast
411: Owner Stories from The Amelia Concours (Part 1)
The Collector Car Podcast
Can Oil and Gas Ruin Your Engine? How Can You Fix That?
Under The Hood show
410: Ferraris, Mopars and more Moda Miami Car Stories
The Collector Car Podcast
409: Building Modern Legends at Vigilante 4x4 with Daniel van Doveren
The Collector Car Podcast
408: Breaking Down the Must-Watch Collector Cars at the Florida Auctions
The Collector Car Podcast
407: The Car Coach Unfiltered with Lauren Fix
The Collector Car Podcast
Help Improve This Entry
Spot an error or have a better explanation? Let us know.