Our new Indie Games subforum is now open for business in G&T. Go and check it out, you might land a code for a free game. If you're developing an indie game and want to post about it, follow these directions. If you don't, he'll break your legs! Hahaha! Seriously though.
Our rules have been updated and given their own forum. Go and look at them! They are nice, and there may be new ones that you didn't know about! Hooray for rules! Hooray for The System! Hooray for Conforming!
So, last week my car got hail damaged. I have comprehensive coverage with a $1000 deductable, so I filed a claim. My insurance company (progressive) said my car is totaled as they estimate the damage to cost around $5800 to fix, while my car (a '98 Corolla) is only worth $4575. The gave me two options, outlined below:
option Value tabs sls tax subtotal deduct. salvage Check
A 4575 0 297.39 4872.39 1000 1350 2522.39
B 4575 63.25 297.39 4935.63 1000 0 3935.63
if I go with option A, I get to keep the car but only get $2522.39
If I go with option B, they take my care but I get a check for $2522.39. I understand not paying for replacement tabs if I keep the car, but why should I have to pay the salvage value of the car if I keep it? I understand this is a profitable business practice to them. But consider the following. Imagnie the damage to my car was $4400 worth. I would, in theory, be able to get $4400 worth of repairs to my car (assuming I paid the deductable).... why does it matter whether I repair my car, keep the car, or salvage the car. I pay insurance so that they compensate me for the value of the car in case that value is decreased do to accident/weather/etc. I feel I should get the full value of my car, minus the deductable.
I looked at my contract and there was no mention of the salvage value being factored in. I plan on calling them, but thought I'd ask here first and see if someone else is better at finding this fine print I may have missed.