Glossary
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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
"One of which is uh and I think the most important thing from my perspective is that uh the this is agreed value insurance. Hagerty calls it guaranteed value and that is you engage in a conversation..."
Has The Porsche 911 Turbo Been a Worthy Flagship? — Carmudgeon w/ Cammisa & Derek Tam-Scott — Ep 215 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"
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