- Genesis Model Type
- 2G Genesis Sedan (2015-2016)
Interesting to hear your experiences. Thanks for sharing. Not sure if the law of small number makes something like this less fruitful in my situation; especially where fault may be in a gray area as it relates to an insurance claim. I had an experience 20 years ago where I literally rolled in to another car that was going right at a three way stop, when I looked left and she slammed on the brakes of her Mary Kay car. Less than a $100 of paint damage, but she called for an ambulance and spun the accident in to a $10,000 claim. Hartford paid the claim and tripled my rates; a lingering thought that adds to my anxiety about what the true cost of filing a claim here could be, if fault is not clearly assigned to the other driver.well in my experience, I trade my wife's 2007 Camry Hybrid for a 2017, she had a no fault accident in 2008 when a 14 year old joy riding in his brothers car t-boned her making an illegal left turn. $18,000 in damage. whole front end was smashed and the "A" pillars buckled. at the time the car was worth about $35K so the insurance repaired it. My wife drove it another 8.5 years with no other issues.
it was on Carfax, and the dealership mentioned that they automatically auction cars that have accidents listed, they don't put them on their lots (also cars with over 100K), fair trade on the car was $5100 at the time, we got $5000 for it.. so IMO it made no difference for us. $100 wasn't anything to cry over.
We filed for diminished value and got $3,400 from the insurance company in 2010. Our insurance company didn't even bat an eye at it, because they sued the snot out of the other party and garnished the parents and brothers wages as a result of the police report and the fact that this 14 year old had a history of doing this, already had 4 tickets and was blocked from getting his license until he was 21. Last I heard from my agent it took 10 years to get the $25K + attorney fees back, so they had to be taking $200-$300 a month from the parents.
I recently filed for Diminished Value on my G80 and was awarded $3,900; it cost me $190 for the DV report, $150 for the small claims filing, and 1 day of my time.. I am now pursuing wage garnishment. That will cost me $250-$500ish.. so I lose $600-$900 of $3,900, but technically I am not losing anything because I factored in all the expenses when I filed the claim.. It also helps that the other party opted not to show up and I won by default, but an inch or a mile, a win is a win.