Quote:
Originally Posted by TRZ06
Plus with the appreciation values right now, if it got totaled, I would lose a lot of money on the insurance pay-out.
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Congrats on the new car!
A bit of an aside, but isn't insurance payout usually based on current value replacement? Meaning, if it would cost you X to buy a "like replacement" now, they would pay X regardless of you having initially paid Y?
Or would that be only for car insurance policies where you mutually agree to a certain value of the car
ahead of time? I believe they do that for older collectibles, for example.
Geoff