0
It depends the extent of the damage some companies will total it out and some will brand it. Diminished value can be used in this case as a not at fault unisured motorist
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.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
If you insure your mother's car who doesn't drive and you are listed as the primary driver and are involved in an accident with your husband can you still ask for diminished value for your Mom's car?
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.
How long does an insurance co have to pay a loss after receiving proof of the loss?
5 to 10 days. Have you heard of diminished value. You must get a diminished value appraisal but basically. When in a car accident your car goes down in value by thousands, DV allows you to recover loss in car value. diminishedvaluereport.org
Does a car depriciate in value after being stolen?
yes
Are there diminished value laws in the state of Michigan?
Michigan is the only state that does not allow diminished value
What does it mean when you file a claim for the dimished value of your automoblie?
A car that has been in an accident, even though it is repaired, looses value. A claim for diminished value is a claim for that lost value.
Does Nebraska have diminished value laws?
Nebraska is a diminished value state, which means you may be entitled to the diminished value of your vehicle after an auto accident. The statute of limitation on diminished value claims in Nebraska is 4 years, and Nebraska does not have uninsured motorist coverage for diminished value. You can't submit a Nebraska diminished value claim if you were the at-fault party in an accident, or if the damage was caused by something other than a collision.Nebraska Statute Of Limitations: 4 YearsUninsured Motorist Coverage: NODiminished Value For At Fault Party: NO
Your new car got hit by a truck that was hit by a bus can you get compensated for the loss of value on the car?
Was the car totaled? Are we talking about diminished value? Has the owner of the bus company admitted fault? Has the owner of the truck admitted fault? Is there collision insurance on the car? If we are talking about a diminished value claim you have at best a 50/50 chance of getting additional compensation beyond the cost of repairs. If the car was totaled then some companies offer full replacement on new cars. It
Diminished value worksheet?
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.
If your car is stolen how does the insurance know the value of car?
The year of the vehicle maybe low blue book and your upgrade Receipts.
What companies can provide a diminished value?
All insurance companies can provide a diminished value, except with commercial insurance it is almost impossible.
How is a car's diminished value determined after a car accident?
AnswerGenerally by the "book" value. Take into consideration and make mention of any excessive work or upgrades you made to the vehicle and tell the adjuster asap. MUST HAVE receipts to prove this!If you're speaking of inherent diminished value, then the only way the amount of value the car lost after being in an accident and repaired is to have an expert determine the loss in market value utilizing accepted appraising practices.Answer:Diminished value is what the vehicle has lost in value according to reliable market analysis conducted by a third party NOT the insurance co.
Your car has stolen or your car has been stolen?
how to find my stolen car when i have the thiefs name Call the police.
