Agreed Value Coverage
The value of your car is settled before the policy is written, not guessed at after a loss. That figure sits on the declarations page, and it is the figure a total loss pays.
Most auto insurance pays actual cash value: whatever a depreciation table says your car is worth the moment before the loss. For a car that’s appreciating, or one whose value depends on original parts, documented history, and the quality of a restoration, that arithmetic doesn’t hold up.
Agreed value coverage settles the question in advance. You and the carrier agree on a number, it’s written into the policy, and that’s what a total loss pays — not an adjuster’s opinion formed after the fact.
A value you agree to in writing
We build the number with you — an appraisal, a documented sale, or a market comparison — and it goes on the declarations page before the policy is bound.
A total loss paid at that figure
No depreciation schedule, no mileage penalty, no negotiation with an adjuster who has never seen the car. The number on the page is the number you're paid.
Coverage that keeps pace with the market
As your car's value moves — after a restoration, a sale of comparable cars, an appraisal update — we can revisit the figure with you rather than leaving it to erode.
Daily commuting or livery use
Agreed value coverage is written for cars kept as collector vehicles. Regular commuting or rideshare use falls outside the policy's terms.
Mechanical breakdown
This is a coverage for loss and damage, not a mechanical warranty. Wear items and mechanical failure aren't included.
- How is the agreed value set?
- Through an appraisal, a documented purchase price, or a market comparison we build together, depending on the car and the carrier. We'll tell you which applies once we know the vehicle.
- Can the agreed value change over time?
- Yes. If the car appreciates after work or the market shifts, we can revisit the figure at renewal or with a fresh appraisal.
- What happens if I disagree with the carrier on value?
- That conversation happens before the policy is bound, not after a claim. Once the figure is on the declarations page, it isn't renegotiated at claim time.
Get agreed value coverageon the record.
Tell us about the car and we'll come back with a value worth agreeing to and a carrier worth placing it with.