If the at-Fault Party has No Insurance
YES: under your own policy's Uninsured Motorist Coverage, but only in the following states:
• Alaska • Arkansas • California • Delaware • District of Columbia • Georgia • Hawaii • Illinois • Indiana • Louisiana • Maryland • Mississippi •
New Jersey • New Mexico • North Carolina • Ohio • Oregon • Rhode Island • South Carolina • Tennessee • Texas • Utah • Vermont • Virginia • Washington • West Virginia.
From My Own Policy's Collision CoverageYES: in Georgia, Kansas, North Carolina and Washington
You need to call the Insurance Company or look in the statement of values page.
Square footage. Bedrooms, Bathrooms, Lot Size, and Location
Your insurance company only does an estimate of rebuild cost based on current market prices by square footage. The insurance replacement estimate may or may not be entirely accurate depending on factors such as Build grade and finishing option's.
the market value of capital is a company's to market value minus is liability
You would be amazed at what can be insured. Specifically to your point, some investments are insured against down side exposure. The easiest example is private mortgage insurance. If you buy a home and have less than 20% to put down you are generally required to pay for mortgage insurance. That insurance is protecting the investor who holds your mortgage note against the market risk of you home value declining to the point that should they have to foreclose there is sufficient money to pay them their principal. They are speculating that the return on your note will be realized. If you put 20% or more down they will accept that risk. If you want them to speculate that with less down they will still get the return tehy expect, you have to insure the principal generally down to 80%. Once you Loan to value drops below 80% you can generally drop the insurance.
No, if it is your fault you are not eligible to received diminished value from your insurance company. It has to be a third party claim, ie the party at fault's insurance company pays the damages if you can recover them.
Scott v. Lee, Superior Court, County of San Bernardio, Case Number: CIVBS800544, is that Mercury Insurance Company my not legitimately claim that there is no "diminished value" for a vehicle which has been damaged and repaired. The Superior Court of the State of California has ruled that James and Patricia Scott are entitled to diminished value from Mercury Insurance Company, notwithstanding that their vehicle had been repaired. "Thus, for future claims against Mercury Insurance Company, the doctrine of 'collateral estoppel' should bar Mercury from alleging that a claimant is not entitled to consideration for diminished value in California," says Day. "Furthermore, the denial of such claims on the basis that Californians are not entitled to claim diminished value against Mercury would be subject to a violation of the California Insurance Code and should be reported to the state's insurance commissioner."
Most diminished value claims are settled out of court, in fact insurance companies have shown that they do not want to take these to court as it could set additional precedence.
In Kentucky, the at-fault driver's insurance company is generally responsible for paying the diminished value of a car that has been in an accident. However, Kentucky law does not explicitly address diminished value claims, so it may be necessary to negotiate with the insurance company to seek compensation for diminished value. It is recommended to consult with a legal professional for guidance on how to pursue a diminished value claim in Kentucky.
All insurance companies can provide a diminished value, except with commercial insurance it is almost impossible.
Diminished value is figured by the original market value prior to the loss compared with the market value after being repaired. Diminished value is what the vehicle has lost in value according to reliable market analysis conducted by a third party, NOT the insurance company. Diminished Value is the difference between the vehicle's pre-accident cash value and the post-rapair cash value. You can for example look at NADA and get the trade-in value in both clean and average conditions, you can also use kbb and edmunds. If you are fighting with an insurance company, you need an appraiser to give you a uspap compliant auto appraisal report, try the related links if you live in Georgia.
Insurance companies use it in a so called 17c formula they use which starts at 10% of used car cost and ends up being a negative amount or very low. Get a diminished value appraisal from a top rated company.
The value of the vehicle declines. This is called diminished value; it can sometimes be recovered by submitted a claim to the insurance company of the party at fault. The claimant can look to do this or can hire a lawyer to assist with the process.
You can always ask for diminished value however many insurance companies will not honor or pay a claim for diminished value. Diminished value is a very difficult dollar value to quantify or prove.
Then you have to pay for the repair.
In Illinois, car owners can seek compensation for diminished value after an accident through a third-party claim with the at-fault driver's insurance company. However, there is no specific statute or law in Illinois that outlines diminished value claims. It's essential to provide evidence, such as repair records and professional appraisals, to support your claim.
Zero. Term insurance has no cash value from which to borrow. Although term policies do not have cash value, some do offer a rider called the ROP Rider (return of Premium rider). We have known of one company that allowed individuals to borrow against the value of their ROP rider. please contact your agent or the insurance company.