Forum Discussion
westernrvparkow
Sep 18, 2016Explorer
An Agreed Value policy requires an appraisal, auction receipt or similar evidence of value before they write a policy. They will only write a policy up to the value of the item, not just any figure you pull out of your head. Otherwise, you could take out a $50,000 policy on your Pinto and then have Tommy the Torch do his thing.
A vehicle with a salvage title is pretty much worthless, unless it is the imfamous silver Porsche 550 that James Dean was driving when he crashed and died. That car, salvage title or not, would be valuable. A run of the mill RV, not so much.
A vehicle with a salvage title is pretty much worthless, unless it is the imfamous silver Porsche 550 that James Dean was driving when he crashed and died. That car, salvage title or not, would be valuable. A run of the mill RV, not so much.
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