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Originally Posted by Dadhawk
That doesn't account for the difference in price of MY2013 and a MY2016 though.
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It's not supposed to. Insurance is supposed to make you whole, which means to replace what you lost. If it were totaled, he wouldn't be losing a 2016. He would be losing a used car. He would be entitled to the value of a used car.
If they paid him the value of his used car, he would't be losing anything. The difference in value between a 2013 and a 2016 is irrelevant, because he didn't lose a 2016. He originally had a new car. Then he used it, and in the process used up some of its value. That value is already gone. He's not entitled to get it back in addition to what he lost in the accident.
There's this weird tendency for people to buy new cars and then still think of them as "new" when they're several years old, as if the use they get out of the vehicle has no value. Yet when they go to buy a used car, they definitely recognize the how much that value is worth when someone else has used it up. People essentially just want a free ride, and want the insurance companies to pay for it.
Quote:
Originally Posted by Dadhawk
The best you could hope for is to break even on purchasing someone else's 2013.
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Which is exactly what should happen. Why should you profit from an insurance claim?