someone else (like a forum that is more condusive to your idoitic thoughts and responses). People that have a stated value policy typically have it because they would like to replace their car with a car of the same mods and titling. Many of us have well over your stated "$15-20k", and insuring it for half or a third of the value is MORONIC and buying it back with a salvage title as your way of subsidizing the cost to have the car back is even more MORONIC.