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The Value Of Your Car After An Accident
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Value Of Your Car After An Accident: Many people feel that the vehicle will never drive the same if it sustains heavy damage. This is now a myth. It may have been true ten years ago, but with the technology today, frames and so forth can be repaired to their original condition. However, insurance companies do not reimburse you for the "loss of the value" to your vehicle because of an accident. Insurance companies pay for repairs only. If you decide to sell or trade in your car, there may be a depreciated value because it had been in an accident. Some dealerships take off $1,500 to $2,000 from the value because this. In the US, some insurance companies do take the resale value of the vehicle into account when settling a claim. The best solution is to have the garage where you are most likely to sell the vehicle do the repair work. Let them negotiate with the insurance adjuster to make the point that the car they repaired is not worth as much as the car before their repairs.
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