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https://www.insuranceproaz.com/stated-amount-vs-replacement-cost-jewelry/
If jewelry appreciates and it would now cost $13,000 to replace the ring you paid $10,000 for, the insurance company would pay the $13,000 to replace the ring. Let’s contrast this example with stated value …Estimated Reading Time: 3 mins
http://www.hhrvresource.com/sites/default/files/dfiles/Stated_vs_Agreed_Value.pdf
Stated Value Policies Stated value coverage pays the cost of repair to the car or the stated value of the car, whichever is less, at the time that a claim is filed. There are a number of problems with this type of policy: • The stated value is actually used only to determine the premium level. The higher the stated value, the higher the premium.File Size: 60KB
https://blog.central-insurance.com/2014/08/26/insuring-your-jewelry-with-the-inland-marine-policy/
Aug 26, 2014 · When a jewelry item is covered with an inland marine policy, most insurance companies offer two different loss settlement options: optional agreed value loss settlement. A traditional “repair/replacement cost” settlement option. For an additional premium, the agreed value option will simply pay the amount for which an item is listed on the ...Estimated Reading Time: 3 mins
https://www.lelandwest.com/stated-value-vs-agreed-value-classic-car-insurance.cfm
This is Stated Value done right, and its almost never going to be what you want or need. In fact, if you want to limit your recovery and manage your premiums, an Agreed Value policy for a lesser value will do the same thing, except the value you receive is guaranteed. If you want to guarantee yourself the value you expect on your classic car ...
https://www.worthy.com/blog/knowledge-center/jewelry/how-much-is-my-jewelry-worth/
Jul 01, 2018 · Most people think that the value on a jewelry appraisal is what their jewelry is worth: an absolute value that holds in any situation. But appraisals are generally created specifically for insurance purposes. That means the value stated is valid only in that context: Retail Replacement Value for insurance purposes.
https://www.valuepenguin.com/agreed-value-car-insurance
Feb 11, 2021 · Agreed value insurance sets the maximum coverage at the agreed-upon number. Stated value insurance covers whichever is lower between the agreed value, sometimes called stated value, and the actual cash value. The actual cash value is the cost to replace the item and is sometimes called the market value.
https://www.amfam.com/resources/articles/on-the-road/agreed-value-vs-stated-amount
The stated amount of an antique or classic car is a bit more complex as there is a capped amount that will be paid based on the price of repairs, actual cash value at the time of loss or the agreed upon stated amount. The benefit of a stated amount car insurance policy is that it is a way to lower your premiums and give you all the protection ...
https://legacyagentweb.bunkerhillins.com/Agentweb/AWHDocs/pdf/MA/BH%2004%2061AV%2005%2096.pdf
A. The word value as used in this condition is defined as follows: 1. For losses to scheduled articles, including scheduled pairs or sets, the amount shown on the Declarations is agreed to be the value of the scheduled property B. For total or partial losses to scheduled property we will not pay more than the amount of insurance shown on the ...
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