Legal Question in Insurance Law in Virginia
Worth of damaged car based on condition not age
Individual received ticket for hitting my car. Due to age of car, insurance company wants to total it at a low price. I have receipts for work performed recently to restore car to excellent condition. The goal is to repair the car. Estimate is 4000 to 5000. Insurance company want to give me 2000. What rights do I have?
1 Answer from Attorneys
Re: Worth of damaged car based on condition not age
Unless your car is officially considered a "classic" of its kind and you have coverage in your policy that specifically allows for restoration after damage to this kind of vehicle, I believe that the insurance carrier can "low ball" the compensation that it's willing to pay as you've indicated, and that you likely have no recourse but to accept it.
Related Questions & Answers
-
Life Insurance on ex-spouse If you have life insurance on a spouse and you divorce,... Asked 12/27/06, 12:59 pm in United States Virginia Insurance Law
-
Private Attorney Necessary I was at fault for a minor traffic accident over a year... Asked 12/26/06, 4:27 pm in United States Virginia Insurance Law
-
Insurance Company Claim they made a mistake The insurance company that hold my... Asked 12/26/06, 2:48 pm in United States Virginia Insurance Law
-
Car rental coverage i was involved in a car accident not a fault. The insuance... Asked 12/22/06, 2:54 pm in United States Virginia Insurance Law
-
Accident no insurance??? Is it possible to be compensated if you get into an... Asked 12/20/06, 2:16 pm in United States Virginia Insurance Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
