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this post was submitted on 21 May 2024
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[Dormant] Electric Vehicles
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Non-american here, so maybe a stupid question: How are the insurance companies compensating the owners if they decide to needlessly scrap their car? Shouldn't owners get marked value of the car with which they can buy an equivalent car?
Unless your insured for replacement value, you are getting a depreciated value of the vehicle which is never enough to replace it with the same thing without going out of pocket.
If you're driving a brand new $60k vehicle (EV or not) and don't ask for replacement value coverage you're living fast n loose IMO