Real world insurance problem

[John Galt]

let's imagine that you have a car that you bought for 100,000. it has depreciated down to 50,000 (cars are bar none the worst investment you will ever make). yo uget in an accident. it's not your fault.

you had planned on selling the car on the morrow for exactly what it was worth, 50K, but now your plans are shattered. you get the car fixed up and try to sell again. they now offer you 45K.

in this case i think you can make an argument that you lost out on money. 5K to be exact. I would sue if i we you.

but lets say you hadn't planned on selling it anyway. you drive the hell out of it and years later and when you sell it for 24K it's only 1K less than what you could have got for it had it been undamaged. so... you really lost 1K because of that accident, not 5K right? so, do you pay the insurance company back if you got that 4K difference or do you just steal that money that you don't deserve? that 4K didn't make you whole. that was bonus, and undeserved. see the problem with this? you end up making money off of accidents. you could just go around slamming on your breaks and making money

[Winchester]

Seems like a lot of hassle for not a lot of additional money. Don't you have better things to do with your time?

And oh if a bill like that actually passes the people will love you when car insurance rates go up in your state.

[Winchester]

[Professor]

[Professor]

[Winchester]

[Professor]

[John Galt]

yeah but they are reducing your claim so that you don't abuse it. they are reducing it because you're not selling the car tomorrow. lets say that i agree that it's reasonable that insurance companies pay that out (i don't). giving out very small sums is very reasonable. that all said why don't you jsut sue him so you can get more money if you feel like you're owed the addition 346 dollars or whatever the hell you think you're owed because in the future you might sell it for slightly more money and you're worried that this or that might happen theoretically in the future ergo you are owed money for things that haven't happened yet