Glossary
/
General
agreed value insurance
Too Afraid to Ask
It’s a way to make sure you’ll get the exact amount of money you think your car is worth if it gets destroyed, instead of a guess based on market prices.
Technical Definition
A type of insurance where the insurer and insured agree on a specific monetary value for the vehicle at policy inception; if the car is totaled, the payout equals that agreed amount.
Hear It Discussed
"Hagerty offers a guaranteed value insurance policy, which allows you to determine and agree to the car's value before some shmuck in an Ultima hits you."
20 Years In Automotive Journalism: Jason Cammisa’s Most Insane Assignment 20 Years In Automotive Journalism: Jason Cammisa’s Most Insane Assignment — Carmudgeon Ep. 244 The Carmudgeon Show
"got agreed value insurance. You get paid out. Uh, Lamborghini panel wagon says, uh, if,"
Driving the 1,250HP Czinger 21C VMax The Smoking Tire
Cars Known For This
Episodes Mentioning "agreed value insurance"
20 Years In Automotive Journalism: Jason Cammisa’s Most Insane Assignment 20 Years In Automotive Journalism: Jason Cammisa’s Most Insane Assignment — Carmudgeon Ep. 244
The Carmudgeon Show
Has The Porsche 911 Turbo Been a Worthy Flagship? — Carmudgeon w/ Cammisa & Derek Tam-Scott — Ep 215
The Carmudgeon Show
Driving the 1,250HP Czinger 21C VMax
The Smoking Tire
Ask Us Anything: Part 4 — The Carmudgeon Show with Jason Cammisa & Derek Tam-Scott — Ep. 199
The Carmudgeon Show
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