Wednesday, December 14, 2011
Arkansas Auto Insurance Question?
I have a 1999 Mustang that I carry full coverage on and I live in Arkansas. Someone recently cut two places in my convertible top, all the way through. When I went to the claims office for their inspection, the claims specialist informed me that since this is a wear & tear part on the vehicle they will figure out the life expectancy of the particular part and they will depreciate it accordingly. I don't pay a depreciated premium because my car is a 99 model...why do they get to depreciate things on it? Does this sound like normal practice?
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