Any insurance plans for high-deductible, low premiums?
The goal was to trade $3-4K deductible for reduced premiums. At $50K damage, he's still only out $4K ($66K settlement), which meets the goal. I'm aware of the salvage process having bid on one, but I can't see how that affects the math. In any total the ins co gets the wreck (as planned). I'm only a math guy so in the end I defer to your wisdom.
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