Ok guys and gals, think about this.
You pay $40,000 for your new Commander. Then you mod it.
Lift, wheels, tires, radios, subwoofers, lights, and on and on....now your vehicle is gone. Stolen, fire, collision...whatever.....how much will your insurance company pay? (not considering gap)
Side note....if you go thru a pothole in the street and it destroys a tire and wheel, how much does your insurance pay, after the deductible? Probably not going to pay to put a new tire and wheel back on, unless have the endorsement that pays for replacement...not ACV. ..
Stated value policies do not necessarily pay the amount stated in the policy, but the ACV or Stated Amount whichever is less....if it isnt in the policy, you dont have it....ask your agent and read your forms.....