However, when an insurer uses stated value instead of agreed value, they don't necessarily pay out the stated value after a covered loss. You may need to provide documentation to back up your stated value. Stated value is what you say your classic car is worth to your insurance company when quoting or requesting a policy. * This value won't automatically change, but some insurers may want your vehicle revaluated at the beginning of each new policy term. At Progressive Classic Car by Hagerty, it's known as Guaranteed Value®, which doesn't require an appraisal. Here are some key differences between these two classic car valuation methods: What is agreed value?Īgreed value is the amount your classic car is worth as settled on by you and your insurer when writing or updating your policy. Neither is the same as the actual cash value of your car, as that would have to factor in depreciation based on age. Stated value is what you say your car is worth (potentially requiring proof), while agreed value is the insured amount you and your insurer agree on. stated valueĪgreed and stated values for insurance are two common methods insurers use to determine classic car payout limits. So if you know your vehicle's value before buying a classic car policy, you can get an accurate quote and insure it for what it's truly worth. That's because a classic car insurance policy typically insures your vehicle for its true value, whereas a standard auto policy may only cover the actual cash value of a car (the cost to replace the car minus depreciation). When it comes to insuring your classic car, knowing its value can help you get the right level of coverage. For example, it can help you buy the car of your dreams for an appropriate price, sell your classic car for what it's worth, and properly insure it in case an expensive accident happens. Knowing the value of your classic car is critical when buying, selling, or insuring your car. Holly Black makes her adult debut with Book of Night, a modern dark fantasy of shadowy thieves and secret societies.Why should you know your classic car's value? Determined to survive, Charlie throws herself into a maelstrom of secrets and murder, setting her against a cast of doppelgängers, mercurial billionaires, shadow thieves, and her own sister-all desperate to control the magic of the shadows. But when a terrible figure from her past returns, Charlie’s present life is thrown into chaos, and her future seems at best, unclear-and at worst, non-existent. She gets by doing odd jobs for her patrons and the naive new money in her town at the edge of the Berkshires. And sometimes, it has a life of its own.Ĭharlie is a low-level con artist, working as a bartender while trying to distance herself from the powerful and dangerous underground world of shadow trading. Your shadow holds all the parts of you that you want to keep hidden-a second self, standing just to your left, walking behind you into lit rooms. You can alter someone’s feelings-and memories-but manipulating shadows has a cost, with the potential to take hours or days from your life. In Charlie Hall’s world, shadows can be altered, for entertainment and cosmetic preferences-but also to increase power and influence.
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