Home Menu

Site Navigation


View Single Post
Old 01-26-2023, 02:34 PM
lewdog998's Avatar
lewdog998 lewdog998 is offline
Member
 
Join Date: Feb 2021
Posts: 640
lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold
lewdog998 lewdog998 is offline
Member
lewdog998's Avatar
 
Join Date: Feb 2021
Posts: 640
lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold lewdog998 is a splendid one to behold
Quote:
Originally Posted by Sonny99 View Post
If it isn't considered totaled, I would ask for diminished value since it is practically brand new.
Sonny is right...you should be compensated. There is a actual loss beyond the actual repair cost.

If you were involved in an auto accident that was not your fault, you may be able to seek compensation for the diminished value of your vehicle from the other party's insurance company. The process typically involves the following steps:

Obtain a repair estimate for your vehicle: You will need to take your vehicle to a reputable repair shop for an estimate of the cost of repairs. Make sure to retain all documentation related to the estimate.

Determine the diminished value of your vehicle: You can hire a professional appraiser to determine the diminished value of your vehicle, or you can use online resources to estimate the value.

Submit a claim to the other party's insurance company: Once you have the repair estimate and the diminished value estimate, you can submit a claim to the other party's insurance company. Make sure to include all relevant documentation, such as the repair estimate, the diminished value estimate, and any other supporting documentation.

Negotiate with the insurance company: The insurance company may or may not agree to your claim. If they do, they will provide you with a settlement offer. If you don't agree with the offer, you can negotiate with the insurance company.

Hire an attorney: if you are not able to reach a settlement with the insurance company, you may need to hire an attorney to represent you in court.

Keep in mind that the process and laws for Diminished Value claims vary by state and it's best to seek the advise of a local attorney to guide you through the process.

Do not sign anything without thorough evaluation. good luck!
__________________
2020 TRD Pro in Super White
RCI full alum skids - C4 Fab sliders-Diff breather mod-Upper grill hidden light bar- Auxbeam switch panel- DD reverse / turn light LED mod - Front Runner 3/4 Rack - 285/70 Dura tracs - Maxi Trac onboard air - Eibach TRD Pro lift springs - Front Runner 3/4 rack - Hefty Fabworks Lo-pro bumper - Warn VR Evo 12S. Dirt King UCAs
Man is born free, yet he is everywhere in chains....
lewdog998 is offline   Reply With QuoteReply With Quote
 
Powered by vBadvanced CMPS v3.2.2

All times are GMT -4. The time now is 08:54 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Search Engine Optimisation provided by DragonByte SEO (Pro) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
***This site is an unofficial Toyota site, and is not officially endorsed, supported, authorized by or affiliated with Toyota. All company, product, or service names references in this web site are used for identification purposes only and may be trademarks of their respective owners. The Toyota name, marks, designs and logos, as well as Toyota model names, are registered trademarks of Toyota Motor Corporation***Ad Management plugin by RedTyger
 
Copyright © 2020