HaimBond
New Member
- Jurisdiction
- New York
My wife's car was rear-ended recently. We inquired about the Diminished Value Claim with Geico, the insurance company of the driver at fault, and were told they will review it once the repairs are completed. We obtained quotes, per initial GEICO request, of the car's value prior and after the accident, which show around $2,000 value loss. The repairs are complete and the car was re-inspected by Geico, however, the claim was denied citing a precedent court case: Franklin Corp.. v. Prahler, which deals with DV loss of an appreciating collector's vehicle. Does this case really apply to depreciating personal vehicles? Does small claims review cases like these and applies the precedent? Also, the driver has a Florida address, but the owner of the vehicle lives locally. If I had to sue, would I use the driver's Florida address, or the owner?