Excess Value coverage

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Maximum insured value is the maximum limit payable under Basic Autopac for loss or damage to a vehicle. The Basic maximum insured value for a passenger vehicle, truck, or truck tractor is $70,000, including taxes (for policies with an effective date of April 1, 2021, or later).

Customers with vehicles valued over the maximum insured value may wish to purchase Excess Value coverage to ensure they are reimbursed for the actual cash value, should an insurable loss occur.

If Excess Value coverage is purchased, the maximum insured value is increased to the new limit purchased. Excess value coverage is not a guaranteed value. The value of the claim is limited to the actual cash value up to the amount purchased.

Certain types of vehicles are eligible for Excess Value coverage options. See an Autopac agent for details.