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Showing results for tags 'diminished value'.
I was involved in a hit and run accident with my 2015 Denali and my insurance is filing this against my uninsured motorist coverage. On top of the replacement cost of the truck there is a clause where they will pay me additional money for the diminished value of my truck due to the accident. My question for the forum has anyone had any experience with this before? How do you establish what the diminished value of the truck actually is without selling it? How much with the actual value decrease because of the wreck? The truck is virtually new, had 851 miles on it at the time of the accident. The other driver ran in to the right front corner of the truck, put me in to a spin running 65mph, hit the center median barrier wall with the left front corner, jumped over the wall (yes these trucks will climb right over that wall). I hope they total the truck but I'm still waiting to hear from insurance company. On another note the airbags in these trucks apparently work pretty good because this was a serious wreck and I managed to walk away from it. Any help on this would be appreciated.