February 18th, 2022
Part 2: Getting Your Vehicle Replaced
If your vehicle is declared a total loss, you may see it evaluated by insurers at prior market prices, not current overly inflated prices. This means if you have purchased a car recently you may not be able to get even close to what you have paid for it. Buying a used car is not much better, in fact, many used cars are now priced on dealer lots up to 40% above what they sold for pre- COVID.
Personal Injury attorney Fred Balkin speaks about some of these challenges as well as what is Replacement Value Coverage and how clients can advocate for themselves.