(Thread was already jacked long before I chimed in...)
Some stated value insurance providers put all kinds of constraints on yearly mileage and driving limitations, like you can't drive the vehicle daily to/from work.
I'm a USAA guy, myself, but I was tempted to do a Stated Value policy through State Farm that was the fairest on restrictions on my '98 Rover Mini. I later gave up, but I would be interested in knowing if anyone has a Stated Value policy on any car, that has lenient restrictions/conditions.
As far as the appraisal, State Farm was just going to let me print their appraisal form off of the internet and have it appraised by a local shop or Mini collector. 'They' can say anything and can be flexible when adding mods/$ value to the total appraised value, as well as calculating in rarity. State Farm was also asking for examples of similar vehicles for sale near, or close to what I was requesting stated value as. That's too easy with a number of VX's selling between $10K - $15K recently. I'm only looking to do about $12K stated value, and that's including the stereo.
I'm interested in doing a Stated Value policy on both my VX and '93 Range Rover, so hopefully someone can post positive experiences with such policies. Thanks in advance.
Bren Workman
Gretna, NE
(C) 402-312-1992
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