renter's insurance

"Newps" wrote in message ...
"Peter Duniho" wrote in message
...



At least with an airplane, *you* get to tell the *insurance company* what
your airplane is worth (in advance, not after the damage of course). With
auto insurance, you pay whatever rate they say you're going to pay and the
car is worth whatever they say it's worth.

State law applies. Here in Montana, if my car is totalled the insurance
company goes to three car lots and finds my exact model, if possible,
otherwise as close as they can get. They take the retail asking price of
those three vehicles and divide by three. That's what I get, minus any
deductible that may apply.

Are there more than 3 cars in Montana?


When they pay out that value,
they get the car.

Same as the airplane, although you can always buy it back from them

I did this with my car when I was in college. I put another 250,000
miles on that Toyota after the insurance company had sold it back to
me for $300. The thing gave me 335,000 miles all told. I probably
spent more money on shoes than that car. BTW: When the hell is Toyota
going to start making planes!

-Robert

"Robert M. Gary" wrote in message
om...


Are there more than 3 cars in Montana?

No, but there are a billion pickup trucks.