Compensation for a highvalue car

Dec 12, 2019 Automotive

Compensation for a highvalue car

Compensation for a high-value vehicle
The world is full of diversity. Some of us drive low-value cars up to several thousand USD. The second part drives used vehicles of the middle class. However, many people can afford to buy a new car from the showroom or a few years old, high-end car. In the case of damage to a vehicle from insurance, the perpetrators of insurance are blurring the borders, because most of the victims, regardless of the value of the vehicle, have been underestimated. We should know what steps to take in order to obtain a sum that would allow us to fully cover the damage suffered.
Repairing a damaged vehicle with the perpetrator’s insurance
In the case of damage to new or several-year-old vehicles of a higher class, we are most often dealing with accident-free vehicles. The prices of new original spare parts from the showroom are very high compared to the market. Insurers try to understate the compensation by using low rates per workshop hour, using non-original parts of lower quality in the cost estimate or taking into account various discounts and amortizations. Compensation should allow us to repair the vehicle in a way that restores it to its original condition. It is important that every injured party after a partial loss and obtaining a cost estimate from the insurer first analyses the cost estimate and consults the cost of the repair with a trusted workshop. We have several options for action. We can provide a service estimate or independent expert to the insurer and ask for another inspection. If this does not work, we have the opportunity to go to court or if we do not have time or willingness, we can sell the damage to the compensation office. A good solution in the case of vehicles of high value is a non-cash repair, in other words, service. The vehicle is repaired in an authorized service and the insurer covers the invoice. If our car is less than 6 years old and no collision or accident occurred earlier, we can also seek compensation for the loss of value of the vehicle.
What kind of compensation can we expect for the total loss?
Total damage occurs when the cost of repair exceeds the value of the vehicle. In the case of high-value vehicles, this is rarely the case, often only in the case of serious accidents. However, it is worth knowing how to fight for higher compensation. Compensation is calculated on the basis of the difference between the value of the vehicle before the damage calculated in an expert system and the value of the damaged vehicle determined in an online auction or in the Info-Expert program. Unfortunately, these programs allow you to manipulate data, so you can freely apply positive or negative corrections. After receiving compensation from the insurer it is worthwhile to consult the problem with an independent expert or compensation office and check whether the insurer has taken into account all factors. If you already know that the compensation has been underestimated, you can lodge an appeal, and if necessary, go to court. This, however, entails costs, risks and a long wait for the outcome of the case. If we want to settle the matter quickly and get an additional amount allowing for the purchase of a new vehicle, we can sell the damage to the compensation office.
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