In a House of Law episode, Ramos Law attorney Marianne Garrison explores your crucial rights concerning vehicle compensation after an accident. If your vehicle is declared a total loss, the insurance company will offer you a payout, typically based on their assessment of your car’s value. However, if you believe your car is worth more than the offered amount, you have the right to challenge it.
In situations where your car is damaged but not totaled, insurance usually covers the repair costs. However, many overlook the diminished value of the car after repairs, which can affect its resale value. To ensure you receive fair compensation, consult local dealerships and ask them how much less your car would sell for due to its accident history.
By understanding these key points and advocating for your rights, you can secure fair compensation that truly reflects the value and condition of your vehicle after an accident. Learn more by using the link below to tune into House of Law.