I’m curious if insurance pays out more than trying to sell it. Are there those who would be happy to take the insurance money, and buy something non-American with it?
Typically in cases of economic nonviability to repair, insurance pay you what’s called „Verkehrswert“, so, around that what they think you’d get if you had sold the vehicle directly prior to destruction. And their estimates fucking suck. I got around 1500€ for my motorcycle when I was hit by an old lady who wasn’t able to see me driving directly in front of her. The only comparable bike I found on the market afterwards was 4000€.
I’m curious if insurance pays out more than trying to sell it. Are there those who would be happy to take the insurance money, and buy something non-American with it?
Typically in cases of economic nonviability to repair, insurance pay you what’s called „Verkehrswert“, so, around that what they think you’d get if you had sold the vehicle directly prior to destruction. And their estimates fucking suck. I got around 1500€ for my motorcycle when I was hit by an old lady who wasn’t able to see me driving directly in front of her. The only comparable bike I found on the market afterwards was 4000€.