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Smart Shopper Questions About Auto Insurance & Accidents
4410 messages, Last post on Nov 29, 2009 at 5:58 AM
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Replying to: smashedcar22 (May 22, 2008 10:09 am) There are different kinds of DV and it doesn't necessarily have to include anything about the repairs being done poorly or inferior parts being used. Even if the car was fixed perfectly and looks fabulous, you can still have Diminished Value. You WILL have diminished value, in fact, on a $12,000 hit. That's a given.
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Replying to: Mr_Shiftright (May 22, 2008 4:11 pm) The draft that pays to have it fixed has a "Release" statement just above where the Claimant signs the draft over to the body shop. Doesn't that "Release" say "Accepting this payment releases the insurer and insured from any and all claims arising as a result of the accident stated herein." After signing the "Release" how do you still have a position to seek DV?
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Replying to: euphonium (May 22, 2008 6:40 pm) I believe you might be referring to medical claims. You can't sue your own insurance company (in some states) for DV, but I haven't heard that you can't sue on a third party claim. But then, I don't know insurance law in all 50 states. In California, you certainly can file a DV claim. |
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Replying to: Mr_Shiftright (May 24, 2008 3:32 pm) This does raise an interesting question though - is DV part and parcel of a property damage claim or is it separate? It seems to me that it is the former.
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Replying to: cccompson (May 25, 2008 6:19 am) |
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Can DV be claimed under Uninsured Motorist Property Damage Liability? Question is asked because your own carrier pays under your policy for UMPD. However............. In that you're buying PD Liability for the adverse party, I opine the UMPD should include DV. |
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Replying to: cccompson (May 25, 2008 6:19 am) So basically you are demanding that the insurance company make restitution for its negligence in restoring the full value of your loss. Of course, most insurance companies will karate chop you the minute you bring up a DV claim, but they cannot legally refuse to accept consideration of such a claim IMO.
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Replying to: Mr_Shiftright (May 26, 2008 8:16 am) DV is resultant damage of an at fault crash otherwise known as a legal wrong. The at fault insurance company includes the DV to be paid under the Insured's Property Damage Liability coverage. Other items payable under PD Liability are Rental Expense, Loss of Use, & other expenses that are a result of the crash. As in other facets of the claim, the innocent party has to prove and present his DV claim to the Claims Manager of the opposing company. |
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Hello everyone! My name is Jennifer and I'm 27 yrs old. I have a concern about my explorer. She is a 94 Eddie edition and recently someone didn't notice I was at a red light and hit me. Any way long story short the insurance company is NOT going to fix her. I'm so upset! I LOVE THAT TRUCK. The insurance company gave a quote of only $1500. I know this is Edmunds and I checked here and its about average for her. My question is why are there so many different quotes? I checked KBB and its almost double there saying at least $3200. I just want to make sure the insurance company is not ripping me off. Please let me know...I really just wanted my truck fixed and not the aggravation of a settlement. 
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Replying to: funkypetals (Jun 07, 2008 4:35 pm) |
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