Declared Value

Written by  //  June 22, 2011  //  Insurance Glossary: A-D, Insurance Terms  //  Comments Off on Declared Value

You can request that a specified amount be allocated for the replacement of a covered vehicle. This declared value figure is stated in the coverage agreement. It’s more costly, but a popular option for owners of antique or collectible cars, because the coverage is for a predetermined amount rather than the typical actual cash value.

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