Help! more insurance confusion!!!!

[IrishJoker]

ACV today is not necesarily ACV tomorrow. The typical policy written in the standard market basically agrees to pay you market value for your car. While market value today could be $40K that is no guarantee that it will be $40,000 tomorrow. Depends on what the market for cars does. It could be more or it could be less.

The specialty companies can write the type of policy you're looking for.

Actual Cash Value is changing all the time - the value of the vehicle changes as soon as you drive it off the dealership lot. Therefore for a classic well kept or restored car - get an "Agreed Value" policy - the Big Insurance companies can write these policies as well as the speciality firms someitmes with a lot less restrictions.