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Originally Posted by ajmat Another thing to add is that if you crash an older car despite being insured, it hurts!!!
You pay upto 60% of the costs as you bear the depreciation of the replaced parts. Think hard about how you will repair the car or be brutal and sell it as scrap if repair costs are excessive |
Very true. If you were to have a moderate accident in a 5 lac rupee W124 / Ford Mondeo / Old Honda Accord, the repair costs could cost you more than the car itself.
In these cases, more insurance companies would write it off as a total loss.