Quote:
Originally posted by Cue Ball
The purpose of insurance is to indemnify the policy holder, or to make them "whole" again. Collision coverage is based on actual cash value, not replacement value, if you want that type of coverage, you need to state that you want a "stated value policy" like they do on antique cars and shit.
Your friend will have no luck suing for the "sentimental" value of the bike or cost to get a 2006 replacement.
Best bet is to find corupt ambulance chasing lawyer and a bogus doctor to make a bodily injury claim, then we will all have to pay higher insurance rates to pay for the 2006 bike for him. Everyone else does it, so should he. |
Good idea. I'll get him to call one of those mid-day TV personal injury lawyers!