Quote:
Originally Posted by drivetolive
Murf993 - do you daily your 911?
My car just went into storage, so I have some time to think about it. I'm curious whether anyone knows how insurance companies payout in total loss situations (my provider wasn't able to provide a clear answer)? I.e., do they assess value at market value or book value? If the former, seems like I wouldn't need to worry about DD'ing the M.
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The current wholesale value for 2008 Z4MC is $6,700.00 retail value is about $8k
If it is your DD and you total it, that means more than $3,000 worth of damage then the insurance co will write it off, give you a few thousand and sell the car at auction where they will make a profit.
In another 10 yrs or so our cars will officially become collector cars but at the moment the insurance companies see them only as old cars.
Except Hagerty.