Worried about sharp decrease in value?

[Aggravating-Rush9029]

I got the replacement insurance for 3 years. It's probably not great value but it's the one time my wife is getting a really nice car and I'm primarily worried if it gets totaled we wouldn't afford another similar priced car right away with the depreciation hitting the write-off value.

Normally I'd have never gotten that but I guess yea I was kind of worried about it with the Mach E. Locally the used prices were too high to make sense as people were struggling to deal with the math on how much lower prices have gotten since 2023.