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About Richard Hixenbaugh
Expertise
Auto insurance claims procedure, auto coverage, liability issues, auto damage questions, how to deal with the insurance company, loss of use and diminished value.
Experience
I have been involved in the insurance industry for over 20 years. I have experience in underwriting, sales, claims adjusting, auto damage estimating, auto value appraising and diminished value appraising. I have testified as an expert witness over 10 times.
Education/Credentials
Completed all required courses for the Florida Property-Casualty agents license and the Florida claims adjusters license. I have attended various courses on auto damage estmating, vehicle appraising and am ASE certified in collision damage analysis.
Past/Present clients
My company has done work for consumers nationwide.
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You are here: Experts > Autos > Auto Insurance > Auto Insurance Claims > F 250 SD crew-cab and trailer
Expert: Richard Hixenbaugh - 10/30/2009
Question
I have 2 ? for you.My son got T-bone the other guy ran a stop singn.After the truck is fix and win I sell it I haft to tell buyer that was wrecked %26 show pic.I will not get as much out of the truck as if it was never wrecked.Older trailer was total loss but I can't replace it with what they want to give me for it?
Why do I feel like I'm at a lost with this ?
Thanks Jim
Answer
Hi James,
Depending on the type and extent of the damage to the truck and the age and mileage on the truck you may be entitled to be paid for the loss of value know as diminished value of the truck. In order to pursue a diminished value claim you will need to hire a professional independent vehicle appraiser to inspect the truck and write an appraisal repoprt that will show the amount of diminished value. You will then submit that appraisal along with a claim demand letter to the at-fault persons insurance company. That will start the process of a negotiated settlement. For more information on diminished value visit www.collisionclaims.com .
As far as the trailer, you will need to research the value. Perhaps you could go to a few places that sell trailers and get them to put in writing what the value of your trailer was. Keep in mind that the insurance company does not owe you to purchase a new trailer, but what you could have sold your trailer for on the used market. Once you have some documentation of the value of the trailer you can submit it to the insurance company to negotiate a better settlement.
I hope this helps
Richard Hixenbaugh
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