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#8
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Be careful with the "Stated Amount" policy. It's not necessarily what it sounds like. I had a friend who had this type of policy and when a claim came up, the policy small print indicated that 3 sources for values would be used and an average paid out. Definitely read all the small print when insuring your cars. I would suggest getting a "Agreed Value" policy which clearly state that what the agreed insured amount is, is what would get paid out...
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