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By admin, October 13, 2010 1:58 am

Auto insurance claim help?

I have an 02 Cadillac Escalade EXT worth about $30k, it was invloved in a hit and run accident while it was parked. I have full coverage with my insurance. The material/ damage adjuster said it would be over $11k to repair. I am really worried about having problems with it in the future, safety, and all the hassle. Specially if I ever intend to sell it, I would have to state that was in a prior accident and the value of my car is obviously depreciated. I really dont want to keep that car, is there anything i can do?

First of all, I can assure you that any legitimate repair facility can repair just about any vehicle back to its prior condition, even with more than $20k in damages. These repairs are regulated by best practices, and these shops really can do great work.

Second, some states have laws that would regulate what type of parts are put back on your truck. In Indiana, if the vehicle is 6 years or or newer, you can request brand new body parts. Most states though allow for used(LKQ) undamaged parts made by GM but previous installed on another wrecked Escalade, OR Aftermarket-brand new parts made by another manufacturer, but using GM molds/stamps. These parts are perfectly fine to put on your vehicle and put you back just like your truck was before the accident.

Third-Some states have diminished value laws which do allow you to make a claim for the fact that the vehicle was in an accident. Ask your company if you live in one of those states.

Finally-if the truck isn’t totaled, it isn’t totaled. You can’t do anything about that. The damages would have to be around 70-80% of the value of the vehicle before it would be a total loss. What you can do is simply have the truck repaired, inspect it carefully to make sure the repairs LOOK right, then drive the vehicle for a day or two to make sure it drives right. As long as everything is repaired properly, there is no reason that the title would have to reflect that it was repaired. You can’t lie about it but it is just as safe/pretty/functional as it was before the accident. Sell the car and start over if you want.

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