I disagree with that. I have heard for what seems like forever to drop full coverage when your car has a value that you can cover out of pocket. A long time ago I had a 10 year old car with a value of about $2k. I called my agent to see how much my full coverage rider was costing me. $6 a month. I kept full coverage, by keeping I got peace of mind I was covered against vandalism, hail, and and animal hits.
I think the best way to look at insurance is you are buying peace of mind. If you are going to worry about something, whatâs the cost to make that worry go away?
I disagree with that. I have received packages that must been caught in a machine. The envelope shows lots of wear damage to both sides of the envelope. Weâre not seeing wear damage here. I think something heavy with a sharp corner fell on it. It takes a lot of force to go through a toploader.
Note that I did say âmostly the liability endâ being that there are definitely some instances where collision makes sense even on older cars. In your situation the deductible would be a huge consideration. Was that with $1,000 deductible? Where I am (NY) environmental and theft/vandalism is a different coverage than âcollisionâ. The former falls under comprehensive on my plan which I do carry as it is extremely cheap, yet collision is something I donât carry on my 2009 sedan. Worse case scenario a total loss due to 100% my fault I can cover out of pocket replacing the vehicle and I also donât owe money on my car. Many canât afford total loss and/or they do owe money on them and that is where collision comes in for most as a requirement not even a choice. Not having collision these past 11 years of driving has definitely been much cheaper than the little money I have had to spend fixing collision related issues to the tune of thousands of dollars, but everyone needs to run the numbers themselves certainly as it varies so much by vehicle, drive age and history, location etc.
To tie this all back in to Pokemon, it would be foolish in most cases for myself personally to insure anything under $750. Although I wouldnât want to, I could take a $749 hit and keep on keeping on. Insurance costs on USPS packages up to $750 are something like 1.25-2.5% of the items value. The break even point would be having a total loss every 40-80 transactions which for how much people like to trash USPS, I havenât seen anywhere near that failure rate on my shipments. But for a small one time seller to pay ~$6.40 insurance on a $500 sale isnât that unreasonable if the money is needed to pay rent or something else important.
Luckly cali doesnât have deer population like the east coast does, I heard a story of some guy hitting a moose or deer and the animal went through the car behind the guy killing the driver.
