Thread: Accident
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Old 04-04-2015, 06:03 PM   #6
beaker
 
Drives: 07 Yaris 3 door
Join Date: Feb 2013
Location: conyers ga
Posts: 87
Quote:
Originally Posted by KingForADay View Post
Seems unfair in general that only the cost of the repair is covered. Accidents are forever part of a vehicle's history, seriously affecting resale value by a good fraction. But i guess that's life and s*it happens. I'm glad it got fixed and you can enjoy the car in the present, which is the important thing here.
In the state of Ga, insurance companies are required to pay "diminished value" after an accident to cover the lost value that you are speaking of. My wife did 10k damage to a fairly new car once, it was her fault, and a couple week after the car was repaired, we got a check in the mail for the diminished value of the car with a wreck on it's history report.
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