| RE:Insurance pros and cons..... |
Subject: RE:Insurance pros and cons..... by RollaMo-LT4 on 2008/2/13 18:01:16 You are correct in assuming that at some point, the cost of full coverage will outweigh the benefits you might receive in case of total loss. Only you can determine what that point is though. If your car is paid for and you would not have a problem in replacing it, if it was a total loss then I would say full coverage is not cost effective. Having a full coverage insurance policy is just protection for stuff you can't afford to replace on your own. But at some point, you will have paid out more in premiums than the car is worth. The above only applies to comp and collision, as I am assuming you must carry liability insurance at all times.  |
