Stated amount. If Quotes Chimp have a unique or classic vehicle, you can agree ahead of time with your insurance company as to just how much the car will be worth should a claim be made. This is done with a stated amount endorsement. However, if you choose to state the values of the vehicles you are insuring, you may not actually get that figure if your car is totaled, since the insurance company can pay you less if the actual cash value of the vehicle has slipped beneath the amount stated in the endorsement.