| Inzane |
I've heard of a 19a, but anyone know what a "19" really means.
They both have to do with using an appraised value for coverage, but I'm not sure what else is the distinction.
Thanks. |
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| 180drifter |
I think I can help you with this as I uesd to be an insurance underwriter. You want an SEF 19A if possible, but not all companies offer them.
The 19A states that the veh is worth X amount and no less, so if it is $20,000 you are garanteed this amount. The 19 states that the veh is worth equal to or less than X amount, this means if your car is worth $20,000 they will not pay more than this amount, but could also pay less.
The 19 in no way garantees you to get your full aprasied value. IMO I think the 19 was designed for things like trailers and sleds ect. These are things that people commonly buy, and then modifly a great deal with out telling the insurance company. The company puts a 19 on the unit for its purchase price, this way they are not responsible for paying out more than the purchase price if a claim arises.
If your comany doesnt offer this coverage shop around or look at getting specialty coverage, such as a collector veh ins plan. I know that peace hills ins offers this coverage, but it may be a bit costly. For more info talk to your ins broker, its there job to help you with this stuff. |
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