The Nissan Path Forum Index The Nissan Path
The World Wide Nissan Pathfinder Owner's Forum
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Use Google to search TheNissanPath forums ->
Loss Value Due To Accident - 2017 SV

 
Post new topic   Reply to topic    The Nissan Path Forum Index -> R52 Miscellaneous
View previous topic :: View next topic  
Author Message
eruby



Joined: 28 Sep 2017
Posts: 14
Location: Upstate SC

PostPosted: Wed Feb 21, 2018 8:51 am    Post subject: Loss Value Due To Accident - 2017 SV Reply with quote

Hoping I can get so guidance here. Situation: I was parked in a clear parking space. A person back out of a space directly behind me and hit my driver's side rear bumper and tail light. Luckily they didn't drive away so I have her info. I called the police and have the accident report indicating I was legally parked and have no fault in the accident and that the other driver is at fault. So because I am opening an insurance claim, I'm guessing there will be a Carfax report of an accident. Per my insurance company, I am entitled to Loss Value Depreciation and, due to having less than 15,000 miles, new OEM parts. So I am sure their insurance company will try to lowball all of this. Does anyone know how much value is lost due to an accident repair? I would think a couple thousand and I'm sure the insurance company thinks a couple hundred. I would like so sort of documentation with true loss values. Anyone have any ideas?
_________________
It's all about the journey, not the destination.
2017 4WD SV
Back to top
View user's profile Send private message
smj999smj
Moderator


Joined: 22 Jan 2012
Posts: 4796
Location: Prospect, VA

PostPosted: Wed Feb 21, 2018 10:37 am    Post subject: Reply with quote

Their insurance company may not necessarily "low ball" you; it all depends on what insurance they have. Insurance companies like All-state and State Farm are usually pretty fair. That said, I would think that your insurance agent should be able to answer your question in regards to loss value depreciation.

I found this link that may be helpful to you:

https://www.wikihow.com/Calculate-Diminished-Value
_________________
2006 Pathfinder LE VQ40DE AWD, Nitto Dura Grappler P265/65R17, aftermarket radiator, Airlift 1000's, Bilstein HD rear shocks
Back to top
View user's profile Send private message Send e-mail
eruby



Joined: 28 Sep 2017
Posts: 14
Location: Upstate SC

PostPosted: Thu Feb 22, 2018 4:41 am    Post subject: Reply with quote

smj999smj wrote:
Their insurance company may not necessarily "low ball" you; it all depends on what insurance they have. Insurance companies like All-state and State Farm are usually pretty fair. That said, I would think that your insurance agent should be able to answer your question in regards to loss value depreciation.

I found this link that may be helpful to you:

https://www.wikihow.com/Calculate-Diminished-Value


Thanks for the info. Did some Googling and found the same that most insurance companies use a calculation known as ā€œ17cā€ to arrive at a monetary value for your car in post-wreck condition. You can read about this calculation https://www.yourmechanic.com/article/how-to-calculate-the-diminished-value-of-your-car-by-elan-mcafee. I've seen this 17c in a couple of sites.
_________________
It's all about the journey, not the destination.
2017 4WD SV
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    The Nissan Path Forum Index -> R52 Miscellaneous All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group