• klangcola@reddthat.com
    link
    fedilink
    arrow-up
    6
    ·
    1 month ago

    Non-american here, so maybe a stupid question: How are the insurance companies compensating the owners if they decide to needlessly scrap their car? Shouldn’t owners get marked value of the car with which they can buy an equivalent car?

    • ChihuahuaOfDoom@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      1 month ago

      Unless your insured for replacement value, you are getting a depreciated value of the vehicle which is never enough to replace it with the same thing without going out of pocket.

      • PlantObserver@lemmy.world
        link
        fedilink
        arrow-up
        4
        ·
        1 month ago

        If you’re driving a brand new $60k vehicle (EV or not) and don’t ask for replacement value coverage you’re living fast n loose IMO