How should I go about recovering all the damages sustained from a car accident in which I was no at fault
(Maple shade, NJ)
My car after the accident
On Jan. 10, 2012 I had a car accident, I was stopped in traffic and the person behind me was driving looking in their rear view mirror. They struck me from behind, with such impact that my car hit the other car in front of me.
My car is completely totaled. Now the insurance company would only give me the Kelley blue book value of the car.
Quite a big portion of that payment would go to the finance company where I financed my car from and I am just going to be left with almost 5 thousand dollars to buy a new car. I mean what am I going to get in that money just a crappy car. So I would be at loss even though the accident was not my fault.
How do I cover the rest of the finance charges and still afford a decent car? How can I claim the rest?
Answer to How should I go about recovering all the damages sustained from a car accident in which I was no at fault?
The insurance company owes you the fair market value of your car. You had a car loan before, so you can use the $5,000 down and get a another car and still have a car loan. Their duty it to put you back in the position you were before the accident.