February 16, 2011Leave a comment
Why insurance companies prevent people from claiming diminished value insurance on vehicles that have been in a significant collision? So if you’ve been in a car accident, here’s what you can do:
1. Ask your garage to know how much re-sale value your car has lost
2. Inform your insurance company that they need to compensate you for the diminished value your vehicle has incurred. Inform them that you will move to the small claims court if the company refuses to compensate for the value lost.
4. Request your insurance to evaluate damage rather than evaluating repair cost write off the damage rather than repair it if the diminished value is high or you were planning to trade your car in soon.
5. Call or write to the Insurance Bureau of Canada and the car insurance company in your province if you think that diminished value should be covered.
About these adsdiv.wpadvert