Originally Posted by
Crockefeller
I asked my insurer about agreed value and they said any appreciation wouldn't be covered in the event of loss. They said that a normal policy with market value also wouldn't cover the appreciation as the premium you are paying is based on the market value at the time the policy is taken out.
They said the only way to be covered on an appreciating vehicle is to have agreed value and update that value every few months/year.
if anyone knows differently I'd be interested to hear. I'm with Classicline too btw.