Forum Discussion
Bumpyroad
Sep 10, 2015Explorer
kalynzoo wrote:
In many states the insurance company need only pay up to the current fair retail value, often middle or low blue book depending on mileage and condition.
I've assumed that that was the case in all states? If you have a vehicle worth $5,000 and you have $10,000 worth of damage, they will total it out and give you $5,000. If that isn't the case why would you need to get assigned value or whatever it is when you insure a classic for 10x the book value?
bumpy
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