Totaled vehicles...sometimes surprising.
I’ve often wondered how the large numbers of “rebuilt” vehicles with “light damage” for sale can be real and not just a line of bs by the seller. Had one example years ago. Guy at work literally “ta...
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pitch wrote:
But we keep asking for more bells and whistles, more electronics more systems more conectability.
Every little option boosts the insurance rates, make it more technical harder to diagnose and repair. easier to total!
That is not what results in vehicles getting totaled. If anything the added value works against that when repairing physical damage. It is a simple numbers game. The same physical damage to a vehicle with a higher cash value equals a higher likelihood of being repaired via insurance. The confusion arises from people under estimating actual repair costs and over valuing their actual cash value of the vehicle. I guaranty the insurance companies have far more data points on the cost/benefit of an insurance payout to fix vs cash out a transaction.
