Is it profitable for carriers to provide comp and coll coverage for salvaged vehicles? As an agent, should I accept this risk?
I heard that the insured will pay the full premium but when there is a claim, the carrier will only pay for "half" of the damages b/c it is salvaged. Any truth here?
Thanks in advance!
Source of insurance-forums.net
I heard that the insured will pay the full premium but when there is a claim, the carrier will only pay for "half" of the damages b/c it is salvaged. Any truth here?
Thanks in advance!
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