The Assurance Group

05/28/2026

At The Assurance Group, we have expertise in placing collector car insurance through a variety of insurance carriers. One of the features of collector policy is Agreed Value. Here's a deeper look into the benefit of Agreed Value:

Today's Tune Up:
Agreed vs Stated vs Actual Cash Value
American Collectors Insurance offers Agreed Value Coverage. When placing coverage for your collector car clients, it's important to choose a policy that best protects the value of the vehicle. While these terms are often used interchangeably, they function very differently at the time of a loss.

1. Agreed Value Coverage (Best for Collector Vehicles)
With Agreed Value Coverage, the policyholder and insurance provider agree on the vehicle's value upfront, based on it's condition and current market values. An Agreed Value policy ensures, the owner of the vehicle receives the full insured amount of the vehicle, (less any applicable deductible) in the event of a total loss.

2. Stated Value (Can Create Gaps)
Stated value allows the policyholder to declare the vehicle's value when the policy is written. However, this amount is typically used for rating purposes and does not guarantee payout.

In the event of a total loss, the insurance carrier will evaluate the vehicle and pay the lesser of:
• The stated value, or
• The actual cash value (ACV) at the time of the loss
This can result in a lower payout than the client expects.

3. Actual Cash Value (Standard Coverage)
Actual cash value represents the vehicle's value at the time of the loss.

During a claim, the insurer determines the cost to repair or replace the vehicle and then applies a deduction for depreciation based on age, condition, and wear. The payout reflects the depreciated value at the time of loss.

For clients with collector cars, placing coverage on an Agreed Value policy and is the strongest protection their classic or specialty vehicle.

05/22/2026

From us here at The Assurance Group, we wish you a safe and inspirational Memorial Day weekend. We are grateful for our fallen sons, daughters, brothers, sisters, fathers, mothers, grandfathers, grandmothers, etc who made the ultimate sacrifice for this great nation.

04/15/2026

Safeco Insurance is rebranding to Liberty Mutual Insurance on April 30th!! Here are some FAQs about the transition, but bottom line is nothing is changing with your service team or the quality of your insurance. We are here to answer any questions you may have and look forward to serving as your agents!

This page was not found

02/13/2026

Thanks to Black Cloud Battalion for working up some beautiful flyers for the upcoming Vintage Car show season!! Look forward to seeing you car and motorcycle enthusiasts out at the shows and cruise-ins this Spring!!

01/22/2026

The severe Winter weather rolling across the South is bringing with it sub-freezing temperatures. Please be prepared for the probability of ice & snow, as well as the possibility of freezing pipes. Here are some helpful tips to prevent water damage from frozen pipes. Take care, stay warm, and be prepared!


Tips to Help Prevent Frozen Pipes


• Disconnect any hoses from exterior faucets. Even frost-proof faucets/sill c***s require that the hose be disconnected in freezing weather to allow residual water to drain.


• If provided, close inside valves supplying water to outdoor faucets and hookups. Open outdoor faucets to allow residual water to drain. Be sure to keep them open during the cold weather months, while the water supply is turned off.


• Keep garage doors closed to help protect water pipes located in the garage.


• Open the doors on cabinets where plumbing is located. This can help allow warmer air to circulate around the pipes.


• For pipes that are at risk of freezing (both hot and cold water pipes), let water drip from faucets.


• Keep the heat in your home set at a minimum of 55 degrees Fahrenheit.


• Identify areas that have experienced freeze issues in past winter storms and consult with a plumber or mechanical contractor to address and help protect those vulnerable areas ahead of the cold weather.

What to Do if You Have a Frozen Pipe


• Locate and close the main water shutoff valve as soon as possible and before temperatures rise above freezing.


• Inspect pipes for damage, including those in attics and crawl spaces, where it is safe to do so.


• As temperatures increase to above freezing, watch and listen for signs of water leaks.


• If a pipe is leaking, do not turn on the water. Open all faucets, including those outside, to drain remaining water from pipes and call a licensed plumber for repairs.


• If no leaks are detected, turn water back on slowly. Continue to check for leaks before turning water on completely.


• Never use torches or heat guns to facilitate thawing as these can create fire hazards.

12/24/2025

We wish you a Merry Christmas and Happy Holidays from The Assurance Group!! May you and yours find peace and happiness throughout this festive season!

11/13/2025

Homeowners rates are still high across the country. Here's some reasoning behind it.

Some of the country's highest home insurance prices are in the central U.S., a region generally considered to be protected from climate-driven disasters such as wildfires and hurricanes.

11/11/2025

09/24/2025

We've recently obtained a non-resident license to write insurance in the great state of Montana. We're still based in Georgia, focused on insuring the peach state; but can now insure the 406 as well! Let us know if you or someone you know needs help finding insurance in either state, we're ready to help!

08/27/2025

Proud to sponsor the Mountain Park Community Association.

Below are businesses in the Mountain Park Community area that have sponsored the work of Mountain Park Community Association. Interested in sponsoring our work? Fill out the Contact Us form for details!