I am sure they will. They are already overwhelmed by car damage claims from earthquake, tsunami, and Fukushima radiation.
6 posted on 12/05/2011 6:39:02 AM PST by TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
Granted, the insurance companies will surely take a hit, but, as you may know, they only have to pay what the car was worth when it crashed, i.e. the Blue Book or NADA value.
If you owe more in payments than what you'll get for property damage . . . sucks to be you. You're out a car and still have to pay for the one you can't drive anymore.
32 posted on 12/06/2011 6:43:14 PM PST by synbad600