What is a 19A endorsement?
It is a separate endorsement on your car insurance policy. It is also known as “Agreed Value”. This endorsement will guarantee to pay the amount stated on the endorsement in the event of a total loss. That amount is determined by the appraisal of the car. 2/ What kind of endorsement does a regular insurance policy use? The use of endorsement 19: Limitation Of Amount Endorsement – This endorsement is for the benefit of the insurer, not you. It sets a limit to the liability of the insurer (usually the appraised value). At their discretion they need only pay out what they consider to be the Actual Cash Value (ACV) of the car or the appraised value – whichever is less. It is possible that the insurance company will attempt to settle for less than the appraised value (even though your rates were based on the appraised value). Unfortunately you are at the mercy of your insurer in the event of a claim with the OPCF 19 endorsement. 3/ What endorsement is better for my collector vehicle? You li
