Florida Property Damage From An Auto Accident
Florida Property Damage From An Auto Accident
If you have been injured in a car accident, you are probably not only dealing with the pain and medical expenses resulting from the car accident but a slew of other problems as well. The other aspect of an auto accident case is property damage to the vehicle. You probably have all kinds of questions about what to do to get the most compensation possible for the damage done to your car, exactly what is and is not covered under insurance, and who is responsible for paying.Under Florida law, you are required to purchase a minimum of $10,000 in property damage liability coverage. As a result, if the other person was at fault for causing the accident, his or her insurance company will be responsible for paying for any damage to your vehicle. However, if the other person's insurance company rejects your claim and refuses to pay for the entire accident, and if you have collision coverage on your own auto insurance policy, you can pursue reimbursement through your insurance company but you will be responsible for paying the deductible. Should the other driver's insurance company accept a share of responsibility for the auto accident, the the insurer is responsible for paying a percentage of your expenses in an amount that is equal to the other driver's fault. You are probably now asking what kind of compensation you are entitled to for your property damage. The answer turns on the damage to your vehicle and the specific terms of your insurance policy. If your car is totaled, then you are entitled to the cash value of your automobile as it was prior to the accident. Keep in mind that this is not the same as the Kelley blue book value. Instead, it's the amount that you would be required to pay in your geographical location for a vehicle in substantially the same condition with a comparable number of miles. Another option if your vehicle is totaled is to keep the totaled vehicle and deduct the salvage value of your totaled vehicle from your settlement monies. For example, assuming your parts and scrap metal from your totaled car is sold for $500, then you are entitled to receive the actual cash value of your vehicle minus the $500. Often, an auto accident victim's car is damaged but not to the point where it is totaled and a victim is left wondering what kind of remedies they have then. In general, if the cost to repair your automobile is more than 80% of its cash value, it is declared a total loss. If the cost of repair is less than 80% of the cash value of your automobile, you are entitled to the cost of repair, as well as downtime. "Downtime" on an automobile that is drivable is the reasonable rental value for the amount of time it reasonably takes to make repairs on the vehicle. "Downtown" on a car that cannot be driven is defined as the reasonable rental value from the date of the car crash until the date that the repairs on the vehicle are finished.You are entitled to reimbursement for other costs, such as towing expenses, only if you have purchased towing insurance coverage as part of your insurance policy. Should you have to rent a vehicle, ask if the insurance company carries any discount arrangements with car rental companies. Ideally, the rental company can send its bill directly to the insurance company. If that is not an option, then the insurance company will reimburse you for your car rental expenses. ORV Accidents, Injuries, & Michigan Lawsuits Victims of unusual accidents should consider making a personal injury claim Car Accidents and PTSD: Finding Healing How To Have Success With Breeding Finches Battle Insurance policy Firms With an Vehicle Accident Lawyer Michigan Car Accidents & PIP Benefits Under The Michigan No Fault Act Auto Accident Claims Compensation Components Accident Claim Trap (ACT). ACT Against It - Truth About Insurance Companies Car Accident Claim Arranging Automobile Accident Attorney Requirements Escalator Accidents And Personal Injury Lawyers Know More about Alaska Auto Accident Lawyers Car Accident Lawyers