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Blog posts tagged with "insurance"
You've been in an auto accident. A few months later when you try to trade in your vehicle for a new model, the dealer tells you he cannot give you full trade in value because your truck has an accident history. You explain that the truck was fully repaired and works just fine. Your dealer shrugs and says that the average consumer does not want to take that risk.This phenomenon is known as diminished value.
Car insurance can be very expensive, and trying to save on your auto insurance policy may seem like a good idea. However, there are some coverages you do not want to forego in an effort to save a few dollars, and one is your UM/UIM coverage.