Short story and I'm hoping someone can give me some helpful info:
I get into an accident in my 2001 Nissan Sentra cage last week. It was entirely the other cars fault and they quickly admitted guilt and assumed responsibility.
I have as much insurance as you can possibly have including replacement coverage.
Today I get the news that there's $6000 in damage to my car and that its gonna be a week to fix - no problem.
Here's the kicker - one day before the accident last week I bring it to the local Nissan dealer in hopes of trading it in on a newer model and transfering it to a lease program. They appraised my car at $13,000 for trade in value. I didn't get the numbers I wanted on the vehicle so we decided to keep it for another 6-8 months and try then - again, no problem. Out of curiosity I went back into the dealer to ask how much it's worth now that it has a declaration on it with 6 grand in repairs. They told me they would knock off at least 17-20% off the value so now I'm looking at $10,000 for my car. I ask the ICBC estimator today how much of that deprediation they are going to compensate me with, he says "we have no budget for that kind of thing so take us to court and try your luck, 99.9% of people who do, loose"!
So I'm stuck with a car that, through no fault of my own, has been devalued by three thousand bucks and ICBC says tough shit!
This is unbelievable to me, has anyone ever been in this situation and fought ICBC successfully? This could easily be a motorcycle accident and I'd be stuck with a bike that has a dec on it, possibly a rebuild and we all know what we think when we look at a bike with a dec on it - NO THANKS!
Any help or advice would be appreciated. ...on the bright side, both the other driver and his wife were not injured and I got off easy with just a bruised knee.