Quote:
Originally Posted by Cummins12V98
Comprehensive and collision are both $500 deductible on my policy. If it were to be totaled they would pay what the cash value was at the time. Also $1,000 personal property but if that number were to be exceeded my homeowners would pay the extra minus it's deductible.
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ACV policies are cheap; but they also provide the least coverage. Please find out what a Stated (Sometimes called, "Agreed") Value policy would cost. If a total loss were to occur: they pay the amount that the contract states.
(Less the deductible)
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