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Underinsuring the 911
So, valuation looks like they are up.
I'm not interested in chasing it as far as the agreed value goes.
What are the risks of being underinsured ?
As far as I understand, the insurance company owns the car when they pay out what's in the contract. If I underinsure, wouldn't that mean I lose the car for less than what it's really worth in case of the total loss ?
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