Depreciated Value of an Insured Item 10 10 2023

The problem with this is that it lumps the person who takes care of their item, such as a car, in the same tranche as the person who doesn't.

So lets say you have two people with the same type 10 year old cars.

One might be virtually like new to one person whereas the other might be ready to break down completely and new costly repairs that likely won't last?

So both cars are hit in separate accidents.  And it wasn't their fault.  And they both get the same amount of money for each car.

The one car really wasn't depreciated.  In fact it might have been in better shape than a new car because it was made better.  (Knowing how parts quality seems to lessen over time in favor of lesser metals and dubious foreign manufacturing standards?)

In summary I believe that you should get the replacement value, what it would take to buy a new one, in such situations. 

Look at how insurance puts the good people in the same bin as the bad?  Is that equality?  Putting the good people in the same categorical bin as that bad.  I think not.  Because it doesn't represent equality, it isn't a Constitutional business practice?

When you look at the meaning of that last paragraph, to you does it seem like what the Founding Fathers meant by equality has been completely warped 180 degrees from that meaning?

The term of equality being used to lessen national standards whenever possible.

The underlying subversive meaning of it today being whatever you can false righteously claim as your defense in order to make money?  And anyone who says different is labeled a bad guy in weak willed political correctness?  What is Political Correctness?  Is it really, "If I said what I meant I would lose my job as a politician."  Woah~.  Now ask yourself, what changes would it take to make that completely go away?  But the problem today is that the Politician doesn't even know what the right thing to say or implement in policy is.  If they did they would not have been propped up into that position.  They would have ruffled all those feathers a long time before that and been black balled!

Shouldn't business be true?  The value of something to a low life with a blank checkbook isn't that same as the value of something to the son of teachers.

And here is another one of my favorites.  "If we had to do that we wouldn't be in business."  When in reality this is what should apply, "If you can't do that then you shouldn't be in business."

Now analyze that last paragraph in terms of .....

© 2023 Thomas Paul Murphy