Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Smart Shopper Questions About Auto Insurance & Accidents
4422 messages, Last post on Dec 04, 2009 at 6:46 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
|
Replying to: euphonium (Apr 28, 2009 8:28 am) Yes, that would be the way Bob was doing it. But he's seen the light.  tidester, host SUVs and Smart Shopper
|
|
|
Replying to: tidester (Apr 28, 2009 9:54 am) 
|
|
|
replying to multiple posters, so hitting "reply" seems so...so...restrictive...or posting to no one in particular... fezo: I have lived in the dark for years...it ain't easy being a lawyer...and, as the saying goes about the rat and the lawyer, there are some things even a rat won't do...
|
|
|
Replying to: marsha7 (Apr 28, 2009 6:52 pm)
|
|
|
|
|
Replying to: fezo (Apr 29, 2009 6:44 am) |
|
| Especially on a low-carb diet... | |
|
This past Friday my mother's Corolla was involved in a moderate accident. What is the amount of damage usually needed to total out such a car? Is there some kind of percentage or equation? It was/is an 07 with about 20K miles on it. The claim is being handled by Geico - she wasn't at fault. I also wonder about any kind of diminished value settlement, as the car will have a black mark on its history even if they do fix it. Is there a process for that, and who handles it? I don't know much about this as I have never dealt with an insurance claim myself, and she hasn't had one in ages. I'm kind of hoping it isn't totaled as she had grown attached to the car, but at the same time, it got kind of messed up, and I would be concerned about it being properly fixed, or causing issues in the future,
|
|
|
|
|
Replying to: fintail (May 03, 2009 2:21 pm) Yes, if a third party is involved you can make a claim for diminution of value, even if the car is fixed properly (and especially if it doesn't look right or drive right)...but this will require that you hire an appraiser to establish the amount of diminution, and you must expect that the opposing insurance company will fight you to the death over a DV claim. They hate that. So be prepared for a long struggle and make sure it's worth it in terms of dollars and sense. An appraisal might cost you $250. If that doesn't work and they deny your DV, you have to hire an attorney.
|
|
|
you had one more question, (altho shifty's answer was great) if the car is totalled, there is no diminshed value compensation...some folks do not realize that, so I thought I would throw it in... also, in GA, I think they automatically include DV if the car is fixed and there IS DV...remember, if a fender was scraped and all it needed was new paint, the car has not really lost any value...if the chassis was bent or doors/frame damaged, then the car will be worth a lesser amount at trade-in...
|
|
|
Replying to: marsha7 (May 03, 2009 4:24 pm) I wish I could see the car - if it just needs a trunk and a couple of bumpers, it's not a big deal, but the impact was enough to break a seat belt, which has me leery of structural damage. I told her to make sure the doors all open and shut normally, and the panel gaps around the doors are all uniform. She mentioned the misaligned hood a few times, I could tell that was bugging her. |
|
You are here:
Forums
Smart Shopper Questions About Auto Insurance & Accidents
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
