I'm totally jinxing myself for even writing this but my curiosity needs to be sated.
In this truly hypothetical situation, let's say I'm driving my sub 5000 mile Toyota SUV to work. I only mention that it's a Toyota because of the acclaimed resale value. On this commute, the car to my right enters my lane, I try to swerve, can't swerve enough, and we have a fender bender.
We pull over, there are no injuries, we exchange insurance. Let's say we get the police involved and the police report determines the other driver was probably negligent. The other driver admits no fault.
I guess now the insurance companies do some back room deal and the other driver's insurance will pay to get my car looking good as new.
But wait, won't that accident be reported and affect my resale value? Am I able to recoup that potential lost value in any way? Is this where small claims court comes into play?
Paul
In this truly hypothetical situation, let's say I'm driving my sub 5000 mile Toyota SUV to work. I only mention that it's a Toyota because of the acclaimed resale value. On this commute, the car to my right enters my lane, I try to swerve, can't swerve enough, and we have a fender bender.
We pull over, there are no injuries, we exchange insurance. Let's say we get the police involved and the police report determines the other driver was probably negligent. The other driver admits no fault.
I guess now the insurance companies do some back room deal and the other driver's insurance will pay to get my car looking good as new.
But wait, won't that accident be reported and affect my resale value? Am I able to recoup that potential lost value in any way? Is this where small claims court comes into play?
Paul
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