What is the name of your state (only U.S. law)? FL
Hey guys, I'm in need of some of your wonderful advice....again
Not sure if any of you remember but a while ago I had a car, a Dodge Neon SRT-4, that was involved in an auto accident while being towed north. Accident was neither the fault of the driver towing the car or ours (we were following behind) and deemed 100% the fault of the woman who hit the driver towing my car. After the accident, the car sustained frame damage among other damages and ended up taking several months to fix. At the time, the car was worth $13,000 and it cost the insurance company just under $12,000 to repair. Actually, I think it might have been right at $12,100 to fix when everything was said and done.
So, fast forward to now as this was back in Jan of this year. I just went to a Carmax to have it appraised as a possible trade in for either another vehicle or just to sell in general and was informed that the car was only sellable for what they said was about $5,000 or less as the Carfax report showed the extent of the damage the vehicle sustained in the accident....the primary focus being the frame damage. I was then asked why the car was repaired rather than totaled as the amount was so close, to which I didnt have an answer to. Now i'm beginning to wonder. Because the insurance company chose to fix rather than total, i'm now unable to sell the car for what its worth as the frame damage will come up every time the report is pulled.
Someone suggested to me that I go after the insurance company for the loss of the worth of the vehicle as the blue book value of the car is now at $10,000 but both the places Ive taken it to wont give me more than about $5,000 (and they said that figure was being generous). Is it possible (or worth trying) to go after the insurance company for the loss of the value of the car as they basically ruined my chances of a worthwhile resale when they chose to repair rather than total? Or am I grasping at straws here? I'm pretty angry now as I had no idea this would mess things up so badly with this car. Btw, the insurance company never specified...even when asked...why they chose to repair my car when the amount came up so high. Please toss some advice, even if its just to tell me I dont have a snowballs chance
Thanks guys!!
Hey guys, I'm in need of some of your wonderful advice....again
Not sure if any of you remember but a while ago I had a car, a Dodge Neon SRT-4, that was involved in an auto accident while being towed north. Accident was neither the fault of the driver towing the car or ours (we were following behind) and deemed 100% the fault of the woman who hit the driver towing my car. After the accident, the car sustained frame damage among other damages and ended up taking several months to fix. At the time, the car was worth $13,000 and it cost the insurance company just under $12,000 to repair. Actually, I think it might have been right at $12,100 to fix when everything was said and done.
So, fast forward to now as this was back in Jan of this year. I just went to a Carmax to have it appraised as a possible trade in for either another vehicle or just to sell in general and was informed that the car was only sellable for what they said was about $5,000 or less as the Carfax report showed the extent of the damage the vehicle sustained in the accident....the primary focus being the frame damage. I was then asked why the car was repaired rather than totaled as the amount was so close, to which I didnt have an answer to. Now i'm beginning to wonder. Because the insurance company chose to fix rather than total, i'm now unable to sell the car for what its worth as the frame damage will come up every time the report is pulled.
Someone suggested to me that I go after the insurance company for the loss of the worth of the vehicle as the blue book value of the car is now at $10,000 but both the places Ive taken it to wont give me more than about $5,000 (and they said that figure was being generous). Is it possible (or worth trying) to go after the insurance company for the loss of the value of the car as they basically ruined my chances of a worthwhile resale when they chose to repair rather than total? Or am I grasping at straws here? I'm pretty angry now as I had no idea this would mess things up so badly with this car. Btw, the insurance company never specified...even when asked...why they chose to repair my car when the amount came up so high. Please toss some advice, even if its just to tell me I dont have a snowballs chance
Thanks guys!!
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