Agreed Value Ins Policy

[JShot]

To those of you that have an actual "Agreed Value" Insurance Policy on your GMC, do you have a letter, or some sort of documentation that specifies
that your insurance
company WILL pay you the amount the policy states in case of a total loss?

And does it say what they will do for you in the case of a "non-total" loss?

TIA,
John
--
John Shotwell
Ridgeville Corners, OH
78 Royale Center Kitchen

 

[JShot]

Thank, John
--
John Shotwell
Ridgeville Corners, OH
78 Royale Center Kitchen

 

[Matt Colie]

> Thank, John
>
> You say "up to that amount", meaning if it's totaled, they'll pay the agreed upon amount. But if a fender bender, they'll pay for the repair up to
> the agreed amount.
>
> Yes?

John,

That is how it worked out in my case. The total cost of the damage and towing was easily half the agreed value as based on JimK's appraisal . It all
got covered. We cam real close to getting back the 12 years of premiums. We did not initially have a AV policy.

Matt

--
Matt & Mary Colie - Chaumière -'73 Glacier 23 - Members GMCMI, GMCGL, GMCES
Electronically Controlled Quiet Engine Cooling Fan with OE Rear Drum Brakes with Applied Control Arms
SE Michigan - Near DTW - Twixt A2 and Detroit

 

[PeteSr]

What companies issue agreed value policies? And what are their requirements for determining the agreed value?

I am not traveling/using our coach as we refurbish it. Other than a short local trip in April it is stored in my aircraft hanger (I live in a
residential airpark) and is protected pretty good. That will continue for the next year or so while we complete the refurb.

Would like to know where/if I can get an agreed value policy for afterwards.
--
78 Eleganza II
Stock 403 w/ Carb
Single Cinnebar bags
6kW Onan

 

[gmcnet1]

The companies that issue Agreed Value policies vary from state to state, and there aren't that many. I got mine from Progressive through FMCA. It
required a written appraisal. Since you're in Florida you may be able to get an appraisal from Sirum GMC or Cooperative Motor Works.
--
Christo Darsch
GMC Nor'easters
1977 Eleganza II - "The Komet"
3.50 Power Drive, Disc Brakes, Alcoas
Weymouth, MA

 

[jim kanomata1]

We provide an independent appraisal as that carries more weight than just a
figure.

On Sun, Jan 10, 2021 at 9:00 AM Christo Darsch via Gmclist <

> The companies that issue Agreed Value policies vary from state to state,
> and there aren't that many. I got mine from Progressive through FMCA. It
> required a written appraisal. Since you're in Florida you may be able to
> get an appraisal from Sirum GMC or Cooperative Motor Works.
> --
> Christo Darsch
> GMC Nor'easters
> 1977 Eleganza II - "The Komet"
> 3.50 Power Drive, Disc Brakes, Alcoas
> Weymouth, MA
>
> _______________________________________________
> GMCnet mailing list
> Unsubscribe or Change List Options:
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>

--
Jim Kanomata
Applied/GMC, Newark,CA
jimk
http://www.gmcrvparts.com
1-800-752-7502

 

[Russell]

Hi Pete,
We are also in Florida. We have Safeco Insurance for the coach with an agreed value policy for $25,000 (minus $500 deductible). For that amount, they
did not require an appraisal. Higher value policies may require an appraisal. The policy also includes their "roadside assistance", which is up to
$300 in towing, etc. (not near enough to do much good)

Our other vehicles are insured through Liberty Mutual, and they do not offer an agreed value policy. At least that is what the agent said.

I hope this helps.

Russell
--
Russell Keith,
1978 E2 "Harry" 403 (still carbureted), Danny Dunn Tranny, Thorley, Stock Brakes w/Remote Vacuum Brake Booster, Quad Bags, Dakota Digital Dash, 6.5 kW
Onan, Dunedin, Florida

 

[PeteSr]

Thanks for the information folks. We used to have Safeco, now with Geico. I have had the coach to both the COOP and Sirum's. So, they are both
familiar with it. Geico does insure the coach now, I will have a conversation with them first.

Thanks again for the info.
--
78 Eleganza II
Stock 403 w/ Carb
Single Cinnebar bags
6kW Onan