Insurance claims - diminished value
08-21-2012, 01:16 PM
#1
MBWorld Fanatic!
Thread Starter
Insurance claims - diminished value
http://www.insure.com/car-insurance/...car-value.html
If you make a DV claim consider suing the party at fault, not their insurance company. For example, the driver may not be the owner, the policyholder, or even an authorized driver.
Never make a DV claim with your IC because there is probably a clause in the contract disallowing the claim. If you make the DV claim with the other company they may work with your company to make sure you share fault. Such a tragic situation concerning a death has been in the news recently...
In many states there are attorneys and independent appraisers (expert witnesses) who will support a DV claim. Check with an attorney to see how much case law there is supporting this tort cause of action. You maybe happily surprised.
This abpve is not legal advice.
If you make a DV claim consider suing the party at fault, not their insurance company. For example, the driver may not be the owner, the policyholder, or even an authorized driver.
Never make a DV claim with your IC because there is probably a clause in the contract disallowing the claim. If you make the DV claim with the other company they may work with your company to make sure you share fault. Such a tragic situation concerning a death has been in the news recently...
In many states there are attorneys and independent appraisers (expert witnesses) who will support a DV claim. Check with an attorney to see how much case law there is supporting this tort cause of action. You maybe happily surprised.
This abpve is not legal advice.
