Quote:
Originally Posted by Sonny99
If it isn't considered totaled, I would ask for diminished value since it is practically brand new.
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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!