JPL Posted January 26, 2021 Report Share Posted January 26, 2021 AKNavy Are you navy? Retired, active duty, or veteran? I"m retired (30 years) so just wondering. Live in Tidewater Va. Pat The Old Sailor Quote Link to comment Share on other sites More sharing options...
aknavy Posted January 27, 2021 Author Report Share Posted January 27, 2021 8 hours ago, JPL said: AKNavy Are you navy? Retired, active duty, or veteran? I"m retired (30 years) so just wondering. Live in Tidewater Va. Pat The Old Sailor Retired Navy, did my 20 and started career #2. In the words of my first CMC when I was a young Sailor - "It changed too much, that's when I knew it was time to retire" Quote 2001 VNL 660 2018 DRV Fullhouse JX450 2018 Jeep Wrangler Rubicon Link to comment Share on other sites More sharing options...
Woodrow Posted January 27, 2021 Report Share Posted January 27, 2021 On 1/17/2021 at 9:48 AM, rickeieio said: I have stated value on some old motorcycles. If anything happens, I don't want to have them offer me stupid short $ because there are no comparables. That said, most of our trucks wouldn't justify that option. Uh, You might want to read your policy on that SV. The reason I say this is. Yeah, maybe they can't find the exact motorcycle for comps, but they can find LKQ and use those for comps. Just because you have a stated value policy does not mean you get what is stated. All you did was place a limit of what will be paid out in a loss. So if the ACV of the bike, truck, trailer, boat, airplane or whatever comes in higher. You are paid policy limits. But if it comes in lower then it rolls to an ACV policy and that is where so many people get confused with how a stated value policy works. Quote 2018 Ram 3500 DRW 2019 Riverstone 39FK Full Timers for a year and a half Domiciled in FL Link to comment Share on other sites More sharing options...
DanZemke Posted January 27, 2021 Report Share Posted January 27, 2021 Quote Just because you have a stated value policy does not mean you get what is stated. This seems to be asserting that the agreed upon value, in a stated value policy, is irrelevant. That opinion seems to be very unlikely to me. Please clarify. Quote Volvo 770, New Horizons Majestic and an upcoming Smart car Link to comment Share on other sites More sharing options...
Big Rick Posted January 27, 2021 Report Share Posted January 27, 2021 (edited) Stated value is the MOST they will pay. ACV is most likely unless you are underinsured Agreed Value is different in than they will pay the agreed value in the event of a total loss. Edited January 27, 2021 by Big Rick Quote Link to comment Share on other sites More sharing options...
rickeieio Posted January 28, 2021 Report Share Posted January 28, 2021 I had that discussion with the agent. I was pretty careful, as the value on that motorcycle is more than our entire camper rig. That said, I'd have to re-visit my policy. Agreed value does sound familiar. But, I spend a lot of money on insurance. My agent looks out after me. I didn't just meet him last week. Quote KW T-680, POPEMOBILE Newmar X-Aire, VATICAN Lots of old motorcycles, Moto Guzzi Griso and Spyder F3 currently in the front row Young enough to play in the dirt as a retired farmer. contact me at rickeieio1@comcast.net Link to comment Share on other sites More sharing options...
Rotorhead Posted May 17, 2021 Report Share Posted May 17, 2021 Hello All, I have finally been able to find coverage and can go purchase my truck. I called a State Farm agent just down the road. Told him what I wanted to do. He called his underwriters and they said they will cover me as long as I only pull a 5th wheel camper. The way it is set up here in Virginia is that it will be registered as a Private-3 axle truck. State Farm will insure it as a Private Truck. I won't know how much $$ it will be until I get a truck secured and get them the VIN. So it looks like I will be able to make next years rally! Chuck Quote Link to comment Share on other sites More sharing options...
Rotorhead Posted May 20, 2021 Report Share Posted May 20, 2021 I found insurance through State Farm. For a 2008 Volvo 780 it is $69 a month. Not too bad huh? Chuck Quote Link to comment Share on other sites More sharing options...
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