Doing more research on this cherished value coverage. It is not worth paying double the cost to have this option in my opinion. Grundy like most others I believe stated to me I have first right to buy back the totaled vehicle. Obviously in my case, the sentimental value and the 1966 Hemi would be the most important. This is pulled from some reading I was doing............................
In the US if the vehicle is declared totaled the Insured has first right to salvage that being 20% of the payout. For example, being the agreed value payout is $50,000 then the insured can "buy" it back for 20% = $10,000 and receive a payout amount of $40,000. The Title is rebranded as a salvage vehicle until it is repaired when it can have an enhanced inspection done and then the Title is once again rebranded as a Reconstructed Vehicle