Quote:
Originally Posted by KC911
Fint, I feel the same way. Loss of a single vehicle (or house) wouldn't be a big deal....it's the liability reasons as the good Dr has noted. The recent threads about 911s has been what sent me down this path. If I were to total my 911 (my fault), it wouldn't be that big of a deal financially, but I figure an "agreed upon value" policy might just make it easier to swallow  |
So if you are willing to take that risk, why not just take the agreed value policy? If you feel the car is worth $30K but the carrier will only go to $25K you are self insuring the balance. Which is what you say above. Even if the car is considered totaled in reality it wouldn't be a total loss unless it burned to the ground or fell off a cliff. There will be parts that are good with value. You could buy the car back and reuse or sell the parts to recoup value. If the car had tub damage that required pulling that could cause it to be totaled but everything else would perfectly usable engine, trans, wheels, seats, dash, etc?