How does damage to the car count?

Question

Hello, an acquaintance told me that he has a car that he bought for 15,000 CZK (old Renault) and that after the break-in (he drove a fool out of the side at the time and did not give preference) the insurance company paid him 20,000 CZK. Possible? That it would pay him more than his car cost? So what counts how much he gets? Like new parts?

Answer 1

It is possible - the insurance company calculates the damage from some tables (the approach of individual insurance companies differs, so no one will write to you exactly). However (even the method of calculating the damage) is completely unrelated to the price agreed upon by the buyer and the seller.