You appear to be using the terms Stated Value (also known as Stated Amount) and Agreed Value interchangeably, but they are not at all the same. The info posted above by dartforte is correct. SF does not offer Agreed Value coverage in most states. You should check your policy declarations page for the exact wording of the coverage you have.

Stated Value/Stated Amount can only limit your coverage, since you are ALWAYS owed the LESSER of the Actual Cash Value and the Stated Amount in the event of a total loss. The plus side is that such policies usually come with far fewer restrictions than Agreed Value coverage. Collector car insurance is cheap for a reason...the scope of coverage is more limited than what you get with a regular policy, so the risk is lower. If you would rather have fewer coverage/usage restrictions and decide to go with a Stated Amount, pay a few hundred bucks for an independent, PROFESSIONAL appraisal (not one of those guys that pays for an assigned territory from one of those sham appraisal companies) to support your Stated Amount. In the event of a major claim, it will come in very handy.


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DBAP