Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site decwrl.UUCP Path: utzoo!watmath!clyde!bonnie!akgua!whuxlm!harpo!decvax!decwrl!dec-rhea!dec-nacho!digrazia From: digrazia@nacho.DEC Newsgroups: net.consumers Subject: Automobile insurance Message-ID: <2976@decwrl.UUCP> Date: Mon, 1-Jul-85 15:40:29 EDT Article-I.D.: decwrl.2976 Posted: Mon Jul 1 15:40:29 1985 Date-Received: Fri, 5-Jul-85 03:32:17 EDT Sender: daemon@decwrl.UUCP Organization: DEC Engineering Network Lines: 18 I had my first (and presumably last...) auto accident a couple of weeks ago (no injuries). I'm wondering what people do about insurance settlements. My carrier "totalled" the car and computed a payment by subtracting the deductible from the average trade-in value. The average trade-in reflects the car's worth rather poorly, compared to the open market, leaving me with substantial replacement or repair expense. (Trade = $3000. Retail = $3800. Repair = $3200.) Do "all" insurance companies in the US use the same scheme? Has anyone found an insurance policy that "totals" against retail value? Still better, has anyone found a "replacement" insurance? -- i.e. some arrangement that reduces the cost of replacing a lost vehicle with a new one, perhaps by accumulating equity with the balance insured. Bob DiGrazia