question
Thread Starter
Racer
Joined: Mar 2008
Posts: 300
Likes: 0
From: Maine
question
OK I love my vette as we all do; it took me many years of hard work to be able to afford the second love of my life. I don’t like how people act in traffic but its part of owning a corvette so I deal with it.
Here’s my question....
Let’s say someone hits me for whatever reason and does big damage to my car, heaven forbid. In Maine you must disclose damage about $1500 when selling your car. Who would buy a corvette that has been hit, if you can afford a corvette why would you buy a damaged one?
Can I force the other party to buy my car because it has been permanently damaged?
Here’s my question....
Let’s say someone hits me for whatever reason and does big damage to my car, heaven forbid. In Maine you must disclose damage about $1500 when selling your car. Who would buy a corvette that has been hit, if you can afford a corvette why would you buy a damaged one?
Can I force the other party to buy my car because it has been permanently damaged?
Racer
Joined: Mar 2001
Posts: 278
Likes: 1
From: DFW,Texas
It's called devaluation costs.
I believe you can recover damages for the amount of value a car loses when it is hit.
You'd have to talk to an actual lawyer or an insurance rep without a vested interest but I am pretty sure you can recover those monies.
I believe you can recover damages for the amount of value a car loses when it is hit.
You'd have to talk to an actual lawyer or an insurance rep without a vested interest but I am pretty sure you can recover those monies.
Race Director
Joined: May 2006
Posts: 12,973
Likes: 1,020
From: SOFLA
2016 Corvette of Year
2015 C6 of Year Finalist
You need to make it part of the insurance settlement, your car will be devalued once hit and they should compensate for that.
David
Thread Starter
Racer
Joined: Mar 2008
Posts: 300
Likes: 0
From: Maine
cheers,
Scott
