I bought new 2015 Lincoln MKT 12/17 complete with 4 years warranty. No fault to me but t-boned by teenager when my new car only had 2000 miles on 2/14/18. Extensive damage cost over $10,000 in repair.. How do I calculate diminished value to settle this claim?
A Washington attorney could advise best, but your post remains open for two weeks. As a general matter, the property damage adjuster will do that. They'll visit the car in your shop and work up an estimate based on parts and labor. Unfortunately, many states apply statutory thresholds (which could vary by state insurance regulations), which if the repairs exceed, the vehicle will be declared a total loss. Unfortunately, the adjuster's fair market value figures for the car does not always reflect investments made by the owner. You could bring it up with the insurance carrier or consult with a Washington attorney, but if the car is declared a total loss, it's possible they might only go by comparable figures for 2015 Lincolns with similar option packages in the region. Good luck
Tim Akpinar
