There is an interesting thread discussing what an Insurance Company will compensate:
15k$ in body damage
I did not want to hijack that thread - so I post this one.
I recently purchased a 2002 LX470 with only 24K miles. Its like new and pristine in every way.
Paid $23.5K plus shipping and taxes. I simply put it on my Insurance Policy with Nationwide.
Now I am wondering what would happen if my LX470 got severely damaged or totaled
by me or another party. Would I be able to recover my investment or would it be valued
as an average book value LX470????
15k$ in body damage
I did not want to hijack that thread - so I post this one.
I recently purchased a 2002 LX470 with only 24K miles. Its like new and pristine in every way.
Paid $23.5K plus shipping and taxes. I simply put it on my Insurance Policy with Nationwide.
Now I am wondering what would happen if my LX470 got severely damaged or totaled
by me or another party. Would I be able to recover my investment or would it be valued
as an average book value LX470????