| FatBoyMDX |
I was rear-ended on Thursday while at a stop light in my M3.
I'm now concerned that if the insurance company doesn't total the car and repairs it instead, that a) the car won't drive the same anymore due to structural damage and b) I will not be able to obtain the same resale value after repairs, especially given it is a performance car.
Does anyone have experience in this situation and can make any suggestions so I don't get screwed?
Thanks.
Mourning my loss. . . |
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| laborlitigator |
Generally speaking, if the cost to repair is higher than the value of the car, you will receive a check for the amount of the car. Make sure you bring the vehicle to repair shop that you trust and know will do a good job. Then submit that to you the defendant's carrier.
Also, take a week or two off for your injuries. |
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| perk |
| Actually I think they will total your car if the cost to repair is more than 2/3 the book value of car. At least that is what Nationwide did for me a couple years ago. After they total the car, i believe they get a good bit of the money back in a salvage sale of your car. If you're concerned, just ask the adjuster to total your car and see if they will. |
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| FatBoyMDX |
quote:
Originally posted by laborlitigator
Also, take a week or two off for your injuries. [/B]
Good idea :) Problem is, I'm already on paternity! We had our second child 4 days before the accident! Luckily I was alone in the car! |
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| laborlitigator |
| By the time you'd have to take your first deposition, you'd long have settled the case. Also, go see a physiologist over a chiropractor. . . if you have that option. |
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