my brand new car was hit? help me?

Question

I just got my 07 car 3 weeks ago, and few days ago some one hit my car. My car was park on the street and this lady hit the right back of my car with her car. I can't drive it now, I believe something happened to the suspention. The thing is that i don't want this car anymore because is going to lose its value compare with other car of the same brand, model and year because this accident will be report to the DMV. How i can do so my or the lady's insuranse pay the pay off of my car? help me

Answer 1

If I remember rightly... With many insurance companies a car within its first 3 months (time span?) is replaced as standard because of the value. Not all insurance companies do this though - it's worth checking.

You can apply for a diminished value payout.

If the suspension of the car is damaged, it's likely the chassis (actually sub frames now in most cars) was damaged - if that has happened, relax, your car's most likely a write off!


**Edit**
I forgot to mention:
If the car was on finance, you probably had the option of GAP (Guaranteed Asset Protection) insurance, if you took this out, it may cover the aforementioned "diminished value" without having to threaten the insurance company with a solicitor.

Answer 2

You might WANT the insurance company to pay off the car, but that's not how it works, unless you bought some special coverage that allows full replacement in the first X number of months from buying the car (if you don't know if you have it, then you DON'T have it- it's a separate rider on the policy and you have to specifically ask for it). Otherwise, the insurance company will NOT pay off the car unless it is totaled. Especially not her company, which would be the company involved here, as the accident's her fault.

What will happen is that you will have to get an estimate (perhaps more than one) of the cost of repairs. If the insurer doesn't agree or thinks the estimates may be too high, they may also have an adjuster come look at the car, or you may have to take it to the insurance company's "claim center" (kind of a garage), where they will examine the vehicle, take pics, etc. to verify the damage and check with "their" preferred repair people to see if it can be fixed any cheaper. They will then telll you how much they'll pay to get the car fixed, but they have to be able to come up with someone that will fix it to your satisfaction for that amount.

Bottom line...unless it's totaled, they won't pay off the car, but they do have to fix it to your satisfaction.

And let's be totally honest...the real reason you don't want the car isn't totally because of the value issue, it's because she hit the car and it's not "new" anymore. I know I'd feel much the same way if someone hit my 3 week old car...but it is what it is....you have to deal with it now. Get it fixed, and if it still bugs you that much, trade it against a new one. Good Luck.

Answer 3

What you want to happen is not going to happen.
You can have her insurance company pay to fix it and insist on some sort of reduced value compensation. Then you can trade it in on a new car. No lawyer will help you with this because by the time he takes 1/3 of EVERYTHING you will end up with less money.

PS If it is just some damn Hundai or similar small
car, take the money and don't worry about trading iit in on a new one. If this is an 07 Mustang GT you got a whole different outlook on it.


Am I right? OF COURSE I AM RIGHT.

Answer 4

GAP coverages (which pays off the loan), only kicks in if the car is a total loss.

So, the only way that the insurance will pay off the car is if the cost to repair it is more than the cost itself.

Otherwise, it will be repaired and you'll continue the payments.

Answer 5

looks like the cop in simple terms needed you the two to pass away so he would not could handle it returned. maximum vehicle insurance rules have a 30 day computerized insurance on a clean automobile purchase to permit you time to swap over. additionally, insurance underwriters are actually not paid to pay out on rules, they're paid to make money for the employer. in reality, they regularly get bonuses on money that they could evade paying. the respond to procure from them could have been the adjuster attempting to pad his pocketbook. examine your coverage for the computerized insurance on a clean automobile. examine the uninsured motorist regulations on your state and the insurance on your insurance insurance. you ought to have various classes to maintain on with to get well your loss.

Answer 6

The car should be replaced, but i'm not sure where you live

Answer 7

Get a lawyer!