[SS_Dave]

Originally Posted by el ess A

Make darn sure whichever insurance company you use, get "agreed value" not "stated value". Agreed value is what you and the insurance company agrees to payout max on a loss. With stated value, they will pay up to "stated value" or Actual Cash Value (ACV), whichever is less. But in the meantime, if stated value is twice ACV, you'll pay a higher premium for basically nothing. Might as well just burn the extra money. If ACV is significantly less than stated value, you'll have to prove beyond a shadow of a doubt it's value is at stated value. PITA.

https://www.hagerty.com/resources/in...alue-insurance