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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Auto Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Stated Amount


Sometimes shown as "Agreed Value," this is the agreed amount to be paid in the event of a total loss, regardless of the actual value of the vehicle. Few auto insurance companies offer this coverage.

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