Forum Discussion
Reddog1
Apr 24, 2014Explorer II
shellbackcva59 wrote:If it were completely destroyed, the loss based on NADA would be $1500. You would loose far more than that with a new TC, just as soon as you took it off the lot.
One important consideration is insurance. Most likely in a loss situation, you will only receive "book" value. Would you be willing to accept the loss?
The only insurance I have on my TC is part of my truck policy if on the truck and homeowners policy if off the truck. It cost nothing extra for either. On something with a 1500 to 3000 value, I personally would not pay insurance premiums other than liability (if they apply).
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