Your response to industry hot topics.
Moderators: independent guy, Josh
Can anyone tell me why ISO woud have a symbol 31 on a 2012 Hyuandi Elantra? 4 cyl 1.6 ltr engine 4dr sedan. $ 23,000 for the vehicle. Nothing fancy. The physical damage rates went through the roof.
- Insurance Journal Enthusiast
- Posts: 10
- Joined: Fri Jul 28, 2006 2:15 pm
- Location: San Francisco
One of the reasons is the damageability factor of the vehicle...more pricey to repair, more likely to be totalled in an accident. The cost new and features are just one of the factors that go into the symbol. Loss experience is also factored in.
- Insurance Journal Addict
- Posts: 43
- Joined: Tue May 05, 2009 11:56 am
Keep in mind that ISO adjusted their symbols effective model year 2011 that now go up to 75 instead of 27. This 31 is equivalent to the old 17.
- Insurance Journal Fan
- Posts: 1
- Joined: Tue Dec 22, 2009 6:18 am
Return to Opinions
Who is online
Users browsing this forum: Google [Bot] and 3 guests