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Brooklyn, NY asked in Car Accidents for New York

Q: Allstate wants to give me the Kelly book value but I pay cash for my car $23,000 can I sue the responsable party for bal

My car was park on the street

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1 Lawyer Answer
Jonathan R. Ratchik
Jonathan R. Ratchik
Answered
  • Personal Injury Lawyer
  • New York, NY
  • Licensed in New York

A: I'm assuming from your question that your vehicle was parked when it was struck by another motor vehicle and was totaled. Unfortunately, under such circumstances, the other vehicle's insurance company is only responsible for the fair market value of your vehicle at the time of the incident, not what you might have paid for it years earlier. Here's two articles I found online which you might find useful, https://www.nolo.com/legal-encyclopedia/the-insurance-company-says-my-car-total-loss-what-now.html

https://www.findlaw.com/injury/car-accidents/car-accident-property-damage-claims-faq.html

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