Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Nov 4, 2011

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Insurance Question from Pinedale, WY

Asked on 11/04/2011

How Should I Proceed? I was helping the guy that is moving our house, when he backed his backhoe into my car. His insurance which is a Commercial General Liability Policy says that they just want to cut me a check for the damages,( which are around $7,300.00) and the rental car,(which is about $1,000.00). But what concerns me is that although yes it does cover my car being fixed it doesn't cover the depreciation value of my car. So I guess my real question is how should i proceed with negotiating that amount into my settlement or is that something that I'm just stuck with?

Answer given on November 07, 2011

The reduction is your car’s value is otherwise known as diminishing value.  Read our article on diminishing value in order to get some tips on how to proceed.  This article outlines how you should argue your case with the insurance company.  There is also a link provided in the article if you feel you need to talk with an attorney. 


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