Whats The Procedure Of Claiming Diminishing Value Of A Car

[mbabu2579]

I was met with an accident last month and the other party was at fault, mine is a brand new 2014 car never been in accident before . Can someone let me know how to get the diminishing value for the car , whats the procedure and how much we can expect and how much do we need to pay the adjuster?  

[spidereddy]

car assam ship chey iga..

[mbabu2579]

terchi petti ready undu

[spidereddy]

i'm ready..

[Rebel890]

U seriously suld learn some English n u can't stop the diminishing value of a car as car is a depreciation asset.

[mbabu2579]

antha english vachi untae ninu enduku adgutha ?

[mbabu2579]

when a car is involved in an accident for the first time and you are not at fault, you can claim for the " diminished value " of the car since the car looses the value if u want to re-sell it. And also if the case is registered it would end up in a car-fax of the car.  The quote given for this is called "Diminished value quote". e tellodini adgina ide chepthadu ..i dont know what level of english you are expecting 

[andhraajay]

when a car is involved in an accident for the first time and you are not at fault, you can claim for the " diminished value " of the car since the car looses the value if u want to re-sell it. And also if the case is registered it would end up in a car-fax of the car.  The quote given for this is called "Diminished value quote". e tellodini adgina ide chepthadu ..i dont know what level of english you are expecting 

GAAP Insurance ani ekkado vinna

 

ikkada apply avutundo ledo telidu 

[Hyderabad_Nawab]

Car gap insurance is one of those expenses that seem like a waste of money until you need it.

In fact, unless you have suffered the total loss of a vehicle through either collision or theft, you may be unfamiliar with car gap insurance and how much it could ultimately save you.

The moment you drive a new vehicle off the dealer lot, your auto insurance is probably inadequate to protect you financially in the case of a total loss.

That's because your regular auto insurance is designed to pay the lender the vehicle's current cash value -- not the current loan balance. The difference can be thousands of dollars. And we all know once your new car -- owned or leased -- leaves the lot, it is considered a used car and the value of it drops significantly.

In fact, the average new vehicle loses 30 percent of its value the first year. By year three, that loss in value will be close to 50 percent, says Philip Reed, senior consumer advice editor at Edmunds.com, an auto data provider.

If your vehicle cost $25,000 new, your insurer would probably pay about $18,000 for a total loss during the first year. That's a $7,000 shortfall. Depending on the amount of your down payment (or trade-in equity), you would still be responsible to your lender for the balance of the loan.

If you have car gap insurance, your insurer pays the difference, not you.

Read more: http://www.bankrate.com/finance/insurance/car-gap-insurance-is-it-right-for-you.aspx#ixzz3PJdorLmN
 

[rahulroy4u]

Repairs enta ayyayi bro ?usually you Will get 40 % of the repair cost. I am guessing the other party paid your repairs, if that is the case Call them and say I want to claim the diminishing value