lawsuit for money invested in a car
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lawsuit for money invested in a car
I was in an accident with my mom’s car back in february 2016 and the car was totaled by a drunk driver slamming into the back of me. the insurance paid a portion of the car and their GAP insurance took care of the rest. However, my parents were left without a car and no down payment to get another one. Can my parents sue the other party that was charged with DUI for the money invested in the car that was totaled so this way they can get some money back on the car that they invested in for 2 years.
Asked on July 23, 2016 under Accident Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
An at-fault driver (like a drunk driver) who damages property (like a car) is responsible for, at most, the then-current fair market value of the destroyed property; he or she is not liable for life disruption, inconvenience, or if you are not in an economic position to purchase a new car (since he or she is not responsible for your economic position). Therefore, if your parents have received an amount in total equal to or greater than (due to GAP insurance) the then-current fair market value of the car, they have already received everything the law will give them and are not entitled to anything more--so therefore, there is no point in suing, since they won't get anything. If they did not receive the full then-current value of the car, they could sue for the difference between what they got and the value.
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