Quote:
Originally Posted by JeepnRv
Because you're paying to insure more than you need. If they replace it, you know they aren't paying MSRP either. Which means you were paying to cover say 30k worth and they only need to pay 24k to replace it.
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Exactly. When I inquired how this works, here is what the agent told me. I have a 2016 Pinnacle 38FLSA. So NG will first attempt to find a 2016 Pinnacle 38FLSA that is a 'reasonable' replacement. If none are found, they will search for the next newest model year to replace with but not exceed the MSRP value that was insured. If you have a total loss, it doesn't mean that NG will just cut you a check for the MSRP value. We would all sign up and make a profit!