car value depreciation

[brewman]

What is the name of your state?What is the name of your state?I live in Texas, and my car was hit 3 weeks ago. I have only made 2 payments on my car, a 2006 model,1 of which while I was using a rental, and as of today, they have yet to begin work on my car. I was told that the total damages are in excess of $9,000, and I am certain that this will lower my trade-in/resell value considerably. Is it possible to get reimbursed for the differences in value of my car held before the wreck as oppose to what it will be when I get it back?

If so, how would I go about doing this.

Thanks.

 

[justalayman]

What you are speaking of is called "diminished value"

here is a website that speaks of it.

http://www.statefarm.com/media/dimvalue.htm

as well as this one concerning Texas specifically:

http://www.findarticles.com/p/articles/mi_hb4334/is_200401/ai_n15146887