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Is your Shelby protected? Are you sure? A total loss has a way of putting an insured's policy into perspective. The following story is a perfect example of why providing agreed value coverage is a must have for Shelby owners. A car ran a red light and t-boned a beautiful, low mileage and all-original 2012 Shelby GT500 Super Snake. Fortunately, no one was hurt, but when the owner went to file the claim, he was dumbfounded by the payout. He had a stated value policy with a standard carrier that set the value of his 2010 Mustang at $85,000. After sending in pictures, they referred to Kelly Blue Book and tried to find his car. The closest they came was a 2010 Ford Mustang GT; they assumed it had 125,000 miles on it and set its worth at $34,000, in Excellent Condition. When the Shelby owner expressed his displeasure, his insurer used NADA, which had a 2010 Shelby GT500 on the books. Being the correct car, they honored this payout, but in Excellent Condition they set its worth at about $65,000. The Shelby owner checked a classic car auction website and found a car almost identical to his that sold for $83,000. But because it was a stated value policy, the insurer would not consider this a valid resource. If the Shelby owner would have had an agreed value policy he would have received a check for the original agreed value of $85,000. What type of coverage/policy do you have? You need to check! Must be an agreed value policy, not a stated value, not an actual cash value policy. One simple word could cost you tens of thousands of dollars. Nathan Sheets | Team Shelby Client Advisor BridgePoint Risk Management 419-794-7866 firstname.lastname@example.org 419-794-7867 bridgepointrm.com 1440 Arrowhead Drive Maumee, OH 43537