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@roxie12 The route to paying it out is comping the car against ones with no prior damage record, and then pulling comps of prior damaged vehicles of the same condition otherwise. There is no formula beyond that, that's the diminished value of the car. That's fine, most states are wrong...

@jayackam I only kind of agree. a 2016 car/truck worth over 30k is actually pretty common, and the fist claim loss on a car/truck of any kind is going to substantially impact it's secondary market value. That's the whole point of CarFax and similar products: 'We allow you to pay less for cars...

@onangelwings Incredibly useful, actually.

@jayackam The only reason it's rare is because of the drawn out process that he was forced to go through. That right there is what makes it rare. OP very clearly had a loss that the other party was at fault for at every stage of this process and State Farm shirked its responsibility to make...

@rrico Per another post 3AM

@trout11 Yes, most people on here are being very snooty, when in fact, "discussion aimed at reaching an agreement." Was had, which is a colloquial definition of Negotiation. Also, ACV on cars is very maliable, and while it requires evidence, it absolutely can and does move based on data...

@scottdarrygriffiths I am an insurance professional and I am often disgusted how company mindset centered the answers on here are.

@babygems Pool is incredibly dense, massive, and flexible. I generally would expect it to be the last thing standing.

@bridgida Fat chance. They aren't even liable when they cause the damage directly and clearly accidentally in many jurisdictions (as in the case of a swat raid on the wrong address) Sovereign immunity and other concepts are in play on shit like this. Trying to establish a liability chain...

@refei There is not a consensus on this 🙂

@mathewbailey08 I predict that housing in FL goes crazy, where a bunch of homes become unaffordable to insure and there is a rush on the homes that are still occupy able for the time being in the state, while the rest of the market collapses.

@mathewbailey08 You're in FL? Oh man this is the tip of the iceberg. The whole state is going to be high risk flood within a decade, and every carrier is taking as much rate as they can. My suggestion is to move now. The Florida market is a huge bubble because of this, (It's an exaggeration...

@mathewbailey08 You would broadly be right. I mean, the term legally means a lot of different things. You are only required to have homeowners insurance because of the terms of your loan. Federally conforming loans that use standards loan forms and markets are going to require the same...

@refei Nah you still chose to make it to birth. You also could have ended your life at any point prior to the accident.

@refei Wouldn't have gotten in that accident if you weren't born. Your fault.