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Auto Insurance Claims/Collision reimbursement

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Expert: - 1/24/2008


Question
Can and should the loss of future value (such as in future trade-in value) be added to the cost of collision repair damages?

Answer
Hi Henry,

The answer is depends. It depends of you who you are (a claimant or an insured), in other words, a third party claim or a first party claim.

You are asking for a Diminished value claim. We have written some articles about the subject. Visit: http://www.auto-insurance-claim-advice.com/diminished-value-claim.html there we outline some of the process and what kind of arguments you can make.

Depending on your situation, you could possibly make that argument.

I hope this helps some.

C.Q.
http://www.auto-insurance-claim-advice.com

Auto Insurance Claims

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Anne

Expertise

Auto insurance claims regarding vehicle accidents, insurance coverages, auto policies, bodily injury claims, pain and suffering, injury settlements and negotiations.

Experience

I am an adjuster for injury claims and property damage claims for over 5 years (still working there). I have worked for personal injury attorneys helping consumers get a fair treatment and I am passionate to help others with their vehicle accidents.

Education/Credentials
B.A. Economics/ Political Science

Awards and Honors
I was the top settling claims adjuster at the Insurance Company that I worked for.
I am the co writer of http://www.auto-insurance-claim-advice.com a website dedicated to help consumers document their auto claims and navigate the complex claim process.

Past/Present Clients
I work with injury lawyers working on high dollar settlements and jury awards for pain and suffering see: Spokane Law Office.

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