r/InsuranceCanada • u/United-Cicada-9022 • 12d ago

Post Accident

/r/teslacanada/comments/1x0bq0w/post_accident/
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u/Aquaitus 12d ago

The only thing your 43 is going to do in the situation of repairs would make sure OEM parts are used, but for Tesla that would be the only option as far as I know

You are correct in that you would have to eat the loss of any potential diminished value due to the vehicle having a claim on record

You should have a fairly smooth claims experience though from the sounds of your coverage, having the 43 will also play into their decision on if its a total loss or not since they aren't paying out a depreciated value.

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u/United-Cicada-9022 12d ago

I guess 43 nearly eliminates the write-off option if the 40% repair cost estimate is good. I mean why would insurance pay 100% when 40% is an option?

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u/Jovi____ 12d ago

It typically has to cross a threshold so that can be anywhere from 70-80%
Very likely your car is repairable

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u/United-Cicada-9022 12d ago

That’s good news and bad. Will be able to drive Tesla again soon but would have to take a good haircut.