Wife's new 2014 car was involved in accident - car #3 in a line of cars all sitting at a stoplight smashed accordion style by a 18 year old driving a truck (and possibly texting). Crunched in the rear, smashed in the side, dented up front. Wife is ok - was wearing her seat belt. May be a total loss - currently waiting on the assessor.
Thought my insurance was bulletproof: comprehensive, collision, liability, medical, replacement rental, towing. The one thing I did not have is new car replacement (gap) insurance. Has anybody experienced this and does anyone have any recommendations to recoup or negotiating the assessed value of the car? I really don't want to pay (beyond my deductible) on an accident that was not her fault. Also, if the car is repairable, there is something called "diminished value". Anybody have experience with that?
Lessons learned:
DO NOT TEXT AND DRIVE
If you have a baby, make sure it is in a baby seat facing the rear.
Check your insurance - especially on a new car.
Thought my insurance was bulletproof: comprehensive, collision, liability, medical, replacement rental, towing. The one thing I did not have is new car replacement (gap) insurance. Has anybody experienced this and does anyone have any recommendations to recoup or negotiating the assessed value of the car? I really don't want to pay (beyond my deductible) on an accident that was not her fault. Also, if the car is repairable, there is something called "diminished value". Anybody have experience with that?
Lessons learned:
DO NOT TEXT AND DRIVE
If you have a baby, make sure it is in a baby seat facing the rear.
Check your insurance - especially on a new car.
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