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Based on this example, an auto insurer would pay out a maximum of $1,500 for a diminished value claim on this vehicle. However, based on the damage and mileage, the final calculated estimate for a ...
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
Siegle vs. Progressive Consumer's Insurance Company, 819 So.2d 732 (Florida 2002). The ability to receive diminished value financial compensation from an at-fault driver for their negligence was decided by the Florida Supreme Court in the Siegle vs. Progressive Consumer's Insurance Company case. After Siegle insurance companies are able to ...
Car depreciation rates are linked directly to the car's overall condition. Whether it's mechanical issues, interior wear and tear, or its exterior appearance, the more you do to keep it looking ...
A two-party insurance check is a claim check with two different parties listed as payees on the same check. Many insurance companies will issue a claim check as a two-party check to ensure that ...
If insurance carriers honestly determine replacement cost, it becomes a "win-win" for both for the carriers and the customers. However, when a replacement cost determination is made by the carrier (and, perhaps, its third party expert) that exceeds the actual cost of replacement, the customer is likely to be paying for more insurance than ...
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