A Tesla Cybertruck owner shares his truck was totaled after it was sideswiped by an E-scooter. However, the insurance company is only offering to pay him a “fair market price” of $77K, even though he paid $198K for the truck and still owes the bank $171K.
Yup. It’ll likely be an endorsement and mean increase the premiums, but you can totally do that. Some may have a soft limit, like insurscing replacement costs up to a million or what have you.