demichae
New Member
- Joined
- Sep 19, 2016
- Threads
- 1
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- 1
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- Location
- El Dorado Hills
- Vehicle(s)
- 2016 Civic EX-L Sedan
- Thread starter
- #1
Stopped at a stop light, lady in SUV slams into back. Not happy. At least she was insured.
this has to hurt! yes at itll get taken care ofStopped at a stop light, lady in SUV slams into back. Not happy. At least she was insured.
Make sure to claim diminished value.
The insurance company will only pay back on the appraised value of the vehicle. You eat taxes and destination, title fees, probably take a 1500 hit right away on depreciation driving off the lot. The insurance company will pay you that amount and since the car was a week old, OP will want MSRP as a settlement pretty much. DV claim sues for that difference.What does that mean? Sorry noob question
The insurance company will only pay back on the appraised value of the vehicle. You eat taxes and destination, title fees, probably take a 1500 hit right away on depreciation driving off the lot. The insurance company will pay you that amount and since the car was a week old, OP will want MSRP as a settlement pretty much. DV claim sues for that difference.
It's sorta common knowledge?... I mean, your insurance company only pays you $10,000 for you 2012 Civic if you total it now in 2016. You wouldn't claim DV on that now because you've used the car for 5 years but if I had a 2016 that was a week old, I don't want some bitch ass lady to rear end me and have me eat $3000 in value right there on the spot.Thats insane. How did you find this out?
That's on a total no? To me this is not a total. He would only pay his deductible for collision (possibly getting that deductible back from her). To me this looks like a $3000 job maybe moreThe insurance company will only pay back on the appraised value of the vehicle. You eat taxes and destination, title fees, probably take a 1500 hit right away on depreciation driving off the lot. The insurance company will pay you that amount and since the car was a week old, OP will want MSRP as a settlement pretty much. DV claim sues for that difference.