Quote Originally Posted by jrrose03 View Post
i mean its not a completely legal way or idea but c'mon. The man lost years of fishing gear which i would assume he's not going to be able to buy the majority of it out right.....and with as much money insurance company's take in on what the average amount they pay out in claims....its rediculous....I just got my truck totalled last november at no fault of my own and ultimately got mulled over by the insurance company...i'm not saying that justify's that action by any means, but play the game to your advantage because nobody else is going to look out on your behalf.....not to mention how many of us have ever bought a used a vehicle and claimed a lesser purchase value to save money in the transferring process....that could be considered evasion\fraud.
Something to bear in mind if an "at falut" driver hits your car and causes damage. While your insurance company may hold your feet to the fire for the deductible, "his insurance company can't". And you can file a claim thru his company. If they deny that claim, you have even a stronger case in small claims court, where you may get your deductible back so long as you have a good police report, and can clearly document that you had to pay the deductible amount to get your ride fixed/replaced as a result
of the other guys negligence. And if the guy was uninsured, again, total up your deductible, your time, and out of pocket expenses and hit small claims court. The fact he was uninsured and driving means he was violating state law, and again, the court will probably be on your side.

And claiming a lesser amount when you buy a used vehicle to pay less property tax on it, is a good way of getting screwed by your insurance company if you do have an accident. You've lowered the value of the insured property, and documented that on your acceptance of registration which means the couple bucks in tax you saved will be eaten up again by your deductible, and by the fact the insurance company may just decide to pay a claim based on actual documented value, which as you said would be less than you paid for it.

Not beating you up dude, sharing this stuff with you so you won't set a bear trap by what you do today that you may walk into later down the road.