I can vouch that that is complete nonsense. My DMC is insured with full coverage with Peerless insurance up to the original replacement cost of 25,000. That's insurance companies trying to rack up. Think about it; if you wreck it, they're not out anything as far as your replacement goes. They've made your money back in premiums. And if you don't hit another car, well, they're not out a dime. Scott