New York, NY asked in Civil Litigation for New York

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

Related Topics:
1 Lawyer Answer
Tim Akpinar
Tim Akpinar
  • Little Neck, NY
  • Licensed in New York

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

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.