this post was submitted on 21 May 2024
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Electric Vehicles

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[More than a scratch, smallish collision] Why your car Insurance is Ripping you off by Throwing Your Brand New EV Away After a Scratch [25:11 | May 19 24 | Rich Rebuilds] (youtu.be)
submitted 5 months ago by [email protected] to c/[email protected]
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cross-posted from: https://lemmy.world/post/15644527

Today we find out how your insurance company is throwing away perfectly good EV Cars due to a mere scratch

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[–] [email protected] 4 points 5 months ago (1 children)

Unless your insured for replacement value, you are getting a depreciated value of the vehicle which is never enough to replace it with the same thing without going out of pocket.

[–] [email protected] 4 points 5 months ago

If you're driving a brand new $60k vehicle (EV or not) and don't ask for replacement value coverage you're living fast n loose IMO