Legal Question in Insurance Law in New York
Someone else hit me and their insurance co said my vehicle is a total loss. I bought the vehicle 134 days ago and made improvements to it (which I have all of the receipts). Am I legally entitled to the exact cost of the purchase and the repairs? The co offered me $9200 and the purchase price alone was $10,700, with repairs I had $12,500 into it.
Asked on 7/15/16, 5:15 am
2 Answers from Attorneys
SHAHRIAR KASHANIAN
LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,
You are entitled to the full amount less salvage value.
Answered on 7/15/16, 5:19 am
David Slater
David P. Slater, Esq.
Depends on blue book and fair market value ( based on age of car).
Answered on 7/15/16, 1:00 pm
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