Quote:
Originally Posted by Tcoat
The whole idea of “self” or under insuring is a fools game in the modern world where prices and values can and do change on an almost daily basis.
There is not a hope I would finance a new car without Gap. Sure today it is worth more but next week I could lose thousands. How much are people pa ting for gap anyway? I know that it cost me $80 to have gap. Not $80 a month or year just $80. People will spend thousands of dollar to change a header and gain 5hp but gap casts to much?
Under or self insured is simply moronic at any time. There have been a hundred or more threads on this forum alone where someone with insufficient insurance showed up begging for help and blaming everyone but themselves lives for their situation. Sure it sucks to pay some company all that cash if you never need it but then when you do at least it is there.
|
To be fair, there are cases where self-insuring can make sense based on the price of the bond vs the cost of insurance, like fleet operators for instance. But for an individual car, those people make/have the kind of money they aren't buying a twin.
But it's still a huge gamble, because if something does happen you're still responsible for the entirety of the bond vs insurance being your deductible.
Quote:
Originally Posted by Tcoat
Oh and Cincy is very very good at ignoring what he doesn’t like and focusing on some minor out of context point.
|
Yeah, that's pretty clear. I don't know why I bother engaging him when I should be looking for intake and charcoal filter dynos on YouTube.