Are you one of the many with a false sense of security about your auto insurance?
Are you aware of the 80/20 practice? Has your insurance company explained to
you that in the case of a property damage claim your vehicle will automatically
be depreciated according to market value and the date of manufacture.
Basically, vehicles over six years old are 100% devalued.
If your vehicle is 80% depreciated, and the repair estimate is 80% of the
remaining 20% undepreciated value, the vehicle will be totalled.
You will be asked to relinquish the title to your vehicle and your vehicle may be
Read my recently published 4-part article titled:
What Do You Know About Auto Insurance? – Part 1 of 4
You will find it at: