Thursday, September 26, 2013

Insurance declared car a total loss and offered "fair value" compensation not enough to buy comparable replacement. What to do?

Answer: In Arizona, the at-fault driver is only required to pay “fair market value”, not “replacement value”. Can you replace your vehicle for this? Possibly, although you don’t feel so simply because of a lack of confidence in a car that you don’t know. This is always a tough issue to digest for people in your position.

Remember, personal injury and wrongful death law can be very complex. Be sure to seek an experienced phoenix personal injury attorney who has handled cases similar to yours in the past.