SOLUTION: Most insurance companies will replace a vehicle any time an estimated repair exceeds​ 80% of the​ "blue-book" value of the vehicle.​ Michelle's insurance company
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-> SOLUTION: Most insurance companies will replace a vehicle any time an estimated repair exceeds​ 80% of the​ "blue-book" value of the vehicle.​ Michelle's insurance company
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Question 1093340: Most insurance companies will replace a vehicle any time an estimated repair exceeds 80% of the "blue-book" value of the vehicle. Michelle's insurance company paid $5700 for repairs on her car after an accident. What can be concluded about the blue-book value of the car? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! The $5,700 payout by the insurance company
did not exceed 80% of the "blue book" value
because they made the payment
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Let = the blue book value of the car
The blue book value is greater than or equal to $7,125
