Quote:
Originally posted by Tobias MB
fad,
Does it make a difference whether the owner has book or replacment value on his own vehicle if it was the fault of a reckless teenager and will be paid by his insurance company?
In this case does the kid's ins. co. pay the book value and the owners replacment has to make up the difference?
And if the owners insurance has to pay the difference, is that a mark against the owner for being in a no-fault accident?
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My insurance company would make up the shortfall, and then chase the kid's for the difference. If they didn't get anything, it would be a claim against me. But, in my policy, I get one "freebie" of this type, allowing me to claim against catastrophic loss without paying higher premiums for years (decades...) to come.
Car insurance is an important thing for MB owners, and it pays to spend lots of time buying it carefully...