Reply to "Why so many low mileage Speedsters"

Robert M

@El Frazoo posted:
So what's in a name anyway?? Agreed; Stated; Declared. There are some subtle semantics at work here. On my invoice from Hagerty is says "Guaranteed Value" So what do you think that means? We have Here four English words that seem to me to be saying the same thing. But maybe not ??? I'm going to ask them to clarify.

Declared means you tell Hagerty what's it worth so that is where they start the depreciation costs. In 5 years they assume X amount of depreciation and cut you a check.

Agreed value is the two of you agree that's what the car is worth and it never goes down......or up.

I've never heard of Guaranteed Value but my optimism tells me that might be the same as Agreed Value.

The devil is in the details. And by details I mean the fine print.

3/13/235:01 PM

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