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Insurance claim on brand new car

  • 03-02-2016 12:58PM
    #1
    Registered Users, Registered Users 2 Posts: 16


    I bought a new car two weeks ago and was rear ended earlier this week. I've been in touch with other parties insurance, they have admitted liability and I'm going through the process of getting the car repaired.
    The insurance assessor told me that I am only entitled to depreciation based on a percentage of the cost of the repairs. But he also admitted that the real depreciation will be significantly larger. If there was significant structural damage done to the car then I would have a case to get a replacement.
    Has anyone any experience of this situation and if I can make a claim based on the diminished value of the car?


Comments

  • Administrators, Business & Finance Moderators, Society & Culture Moderators, Paid Member Posts: 17,005 Admin ✭✭✭✭✭Toots


    Moved from Banking.


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