My wife was driving her suburban through an unguarded intersection and was hit by a buick regal. The accident report doesn't place blame on the other driver even though my wife was in the intersection first.
The repair bill is going to be $ 8500+.
The state I live places a damage disclosure on the title of any vehicle that has sustained more that $ 5000 damage.
I first met with the chevy dealership where the suburban is getting fixed and asked them what the vehicle was worth pre accident and post accident fixed.
They said that even though they are doing the repairs and will stand behind there work, that since the title will be branded the value will be $ 3000 less.
When I addressed this matter with my insurance adjuster she told me that I cannot recover any depreciated value from my own insurance company and since the collision is going to be claimed 'no fault' I am not able to recover anything from the other parties insurance.
Is this right?
Considering contacting a lawyer.
Answer by Danno
If it is indeed no fault insurance, then that's correct, you cannot collect from the other carrier.
And why didn't they total the car out? If they totaled it you would receive the amount that the car was worth pre-accident. And no, an insurance carrier is not responsible for paying you depreciation on a vehicle. They are to repair your vehicle to the same condition it was in prior to the accident.
Answer by Todd C
What you can collect from your own carrier is spelled out in your policy. Most likely, it does not allow for diminishment of value.
How is this repair cost reported to the DMV?
Answer by Queen B
they are correct. you would have to collect from the other persons insurance company, and since it was claimed no fault, you cannot collect. no need to contact a lawyer, he wont be able to do anything for you except take some of your hard earned money. sorry
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