Q: My insurance company’s acv value is less then when I can replace my truck for
My truck was stolen and recovered 5 days later after being used in multiple strong arm robbery’s , I’m mentally unable to drive the truck knowing what has happened with it while stolen and am worried the insurance company’s acv will be less then what I owe /purchased for ,i would not be able to replace the truck if traded in or sold due to current market prices leaving me possibly having no choice but to retake possession of truck and continue to make payments although not being able to drive it
A: Unfortunately, this has been common due to the recent spike in vehicle costs. Short of exploring whether there are cost-effective options with a civil litigation attorney, you could try presenting prevailing figures for similar make, model and year trucks in the downstate region. Good luck
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