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Join Date: May 2014
Location: SF Bay Area
Posts: 18,257
Garage
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 ?
Old 04-24-2021, 08:17 PM
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