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jimicus t1_jbkafz8 wrote

It would seem odd that the hire company doesn't have some sort of basic cover for their whole fleet to cover, say, total loss.

I can't imagine this sort of thing happens terribly often (which will keep the cost fairly low, particularly if it has a high excess), and it'll be a lot easier to claim on the insurance and sting the customer for a high excess than ask them to hand over $50k.

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GetlostMaps t1_jbkc0ji wrote

I think they do. It seems the insurance company paid out, but is then chasing the driver. But to try to recover the total value is simply not possible in these circumstances in a more advanced regulatory system. It hasn't been for generations.

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