Scenario: I pay X amount of dollars per month for car insurance. I have all 4 tires stolen from my vehicle overnight. I submit a claim with my insurance company to repair any damages. I now pay a **hefty** X amount of dollars for the event that has occurred.
In: Other
Worth noting you choose what your car insurance deductible is. Usually you pay more for the insurance for a lower deductible, so it more or less evens out.
For car insurance you sometimes even get it back depending on the issue/accident. We had a drunk total our vehicle, no license, insurance, and it wasn’t even his vehicle which was also totaled. We had uninsured motorist and a $500 deductible. We got about $10k (the current value) for our vehicle and the deductible refunded.
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