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When did estimates turn into deadlines?

(domainanalysis.io)
318 points alexzeitler | 1 comments | 19 Nov 24 20:03 UTC | HN request time: 0.204s | source
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tyingq ◴[19 Nov 24 22:48 UTC] No.42188919[source]▶
"Can you imagine if the insurance company started arguing with the repair shop, asking them—no—telling them that they would only pay the $18,000 and not the additional $20,000 because that was the original estimate? Does that sound ridiculous to you? It does to me, too. Thank heavens, reality does not operate like this."

That happens all the time with insurance. I'm surprised at the confident tone in "reality does not operate like this". Not just car/home insurance either...health insurance also. They do often negotiate to a reasonable place, but not always.

replies(3): >>42188984 #>>42189396 #>>42189850 #
1. SoftTalker ◴[20 Nov 24 01:11 UTC] No.42189850[source]▶
It's also why they will write off a car if the estimate is much more than 70% of the value of the car. Yes the write-off may cost them more, but it's a known upper bound and it closes the claim. Insurance companies don't like open claims.