Back in April I posted about my husband’s car accident in a post titled: A man and his truck…..
Well, it turns out that the insurance did total it out and gave us a nice amount for it, although we were not thrilled with having to buy another truck. We bought that truck brand new and it really didn’t have too many problems.
At one point, we did explore the possibility of buying the truck back from them and paying to have it repaired from the insurance money but we were concerned that it may never run quite right and cause additional problems down the road.
I didn’t realize it, but apparently you can get additional money in the case of a car accident, especially where you are not at fault under something called “diminished value.” The fact that a vehicle has been damaged and repaired has a negative effect on its value and you can re-coup this difference in all 50 states. I don’t need this info now but it is certainly good to know in case it ever happens again. Make sure you check out the car accident link to get a FREE diminished value estimate to find out what you are owed!
About Kim
That’s good to know if ever in an accident.
Wow! thats great to know!! Thanks Kim!!!
Thanks Quincy, I’ll do my best to continue it!
Veggie Mom, they gave us more than we though we would get. The truck was a 2000 and we could have easily bought another used 2000 with it, but we were afraid of the hidden problems so we bought new. It paid for about half of the new one.
I hope you don’t mind! Kim – you’ve been TAGGED! Have fun.
http://startinganotherchapter.blogspot.com/2008/07/unspectacular-quirks.html
Quick Question: Did the insurance company give you enough to buy a new truck? I guess it depends on how old your other one was, but still…