Originally Posted by ben47
The insurance company will pay out between wholesale value or retail, depending if you push it and don't accept their lowest offer. No profit is to be made, as they are only going to pay what the car is currently worth. If your theory was correct, people would be carrying full coverage on older cars in an attempt to recover full price. It doesn't work that way unless it's insured as a classic. Nice try.
maybe they wanted out of their current lease & had gap insurance.
now that would work...if you didn't get got for insurance fraud.