are we entitled to a depreciation check due to my husbands buying the car new and it having little over 20,000 miles on it,
Total Comments: 3
Posted: Wed Aug 04, 2010 01:36 pm Post Subject:
Highly doubtful... depends on the policy you have with your carrier. I've never seen a policy state it will pay this on a 1st party claim. It probably states that they will pay "actual cash value" on a 1st party loss.
Also, a vehicle with 20,000 is hardly "new".
Posted: Wed Aug 04, 2010 03:41 pm Post Subject:
Claiming "diminished value" on a car after an accident is often difficult, but definitely possible. A new car loses about 1/3 of its value after an accident, even if it is repaired to perfect condition. The least you can do is inquire with your insurer about recuperating some of this loss.
Posted: Wed Aug 04, 2010 03:42 pm Post Subject:
Claiming "diminished value" on a car after an accident is often difficult, but definitely possible. A new car loses about 1/3 of its value after an accident, even if it is repaired to perfect condition. The least you can do is inquire with your insurer about recuperating some of this loss.
Posted: Wed Aug 04, 2010 01:36 pm Post Subject:
Highly doubtful... depends on the policy you have with your carrier. I've never seen a policy state it will pay this on a 1st party claim. It probably states that they will pay "actual cash value" on a 1st party loss.
Also, a vehicle with 20,000 is hardly "new".
Posted: Wed Aug 04, 2010 03:41 pm Post Subject:
Claiming "diminished value" on a car after an accident is often difficult, but definitely possible. A new car loses about 1/3 of its value after an accident, even if it is repaired to perfect condition. The least you can do is inquire with your insurer about recuperating some of this loss.
Posted: Wed Aug 04, 2010 03:42 pm Post Subject:
Claiming "diminished value" on a car after an accident is often difficult, but definitely possible. A new car loses about 1/3 of its value after an accident, even if it is repaired to perfect condition. The least you can do is inquire with your insurer about recuperating some of this loss.
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