Question for Vlad, if the figure REALLY is 70-80%, and somehow no one can ever give a straight answer...
Why is it that high?
IMO, if my car is worth $50k, you give me $40k to repair it, I'm going to rape the insurance company right back for added devaluation for at LEAST another $5-8k.
Because if a car needs 75% of it's value JUST to get repaired... We've got some issues...
And why at that point is the insurance going to risk me getting into another accident and the airbags not working this time, and now I get even more injured, and they have to now pay out 10X what they originally would have on the first repair...???
My Maxima that was totaled has water damage, $8k worth, totaled, they wrote me a check for $27,800 after my $1000 deductible...
The explanation I recieved was, we have to warrant those repairs for a year, this car will cost is more over time than is just totaling it now
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