I was rear-ended while my car was completely stationary, and the other driver hit me at 35 mph. I own a 2019 sedan that has had no issues since I purchased it, and its market value is around $15,000. The other driver’s insurance has accepted full liability. Unfortunately, my car won’t start, but they are saying it’s close to being a total loss and can be repaired. They want to tow it to a shop after I get the rental they’re providing. Is it possible for me to request a replacement vehicle of similar value instead of having my nearly totaled car repaired, especially since it would affect its resale value down the line?
Got rear-ended, they hit me at 35mph while I was competently stationinary.
I’m sorry to hear about your accident. It’s understandable to feel concerned about the value of your vehicle and the impact of repairs on its future resale value. Generally, in a situation like this, you have a few options:
Negotiate for a Total Loss: If the cost to repair your vehicle approaches or exceeds its market value, you can argue that it should be declared a total loss. Be sure to gather any estimates and documentation that support your case.
Discuss Replacement Options: You can certainly express your preference for a replacement vehicle at a similar market value instead of repairing the car. Insurers often provide a settlement based on the vehicle’s actual cash value before the accident rather than a repair vs. replace choice.
Document Everything: Keep records of any communication with the insurance company, repair estimates, and anything that could support your claim (e.g., condition of your car before the accident, comparable vehicle listings).
Understand the Process: Each insurance company has its own policies, so it’s important to clearly communicate your wishes and understand their response. They may not agree to provide a new vehicle outright, but they should compensate you fairly based on your car’s value.
Ultimately, it’s important to be proactive in discussions with the insurance company and to argue your case logically about why a total loss declaration or a replacement vehicle is warranted. Good luck!