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Agreed Value and Mileage Declaration Form AGREED VALUE Your policy is written on an Agreed Value for the first 30 days of your policy, but we require photos of your vehicle(s) during this period to
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Agreed value is the pre-determined value of an asset that parties agree upon. Mileage is the total number of miles traveled by a vehicle or equipment.
The owner or operator of the vehicle or equipment is required to file agreed value and mileage.
Agreed value and mileage can be filled out on the appropriate forms provided by the insurance company or regulatory agency.
The purpose of agreed value and mileage is to establish the value of the asset and track its usage.
The information reported on agreed value and mileage includes the agreed upon value of the asset and the total number of miles traveled.
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