Quote:
Originally Posted by NicksVSix
Seems to me that in cases of a write off, insurance companies should write a check sufficient enough for the claimant to replace their car with pretty much exactly what they had before, no?
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No, how it works is they find about 12-15 similar recent write-offs of Camaros in similar conditions and trim levels, and then average their values to determine settlement coverage and average depreciation. I used to think they replaced your car, but they replace your car's worth at the present time (so for me, it's the value of a new Camaro minus 10 months worth of depreciation).