- They may research the cost of two or more comparable vehicles found in the local area. Some of their resources are Kelley Blue Book or NADA pricing guidelines. (Note: If there are no comparable vehicles in the area, they may branch out to outlying areas.)
- If no comparable vehicles are found, they may elect to use one of two or more quotes from qualified dealers in the local area.
- They may use any additional source that meets certain criteria as specified in the insurance regulations, although this option is rarely used.
Property Damage According to the Utah Insurance Department, “the property damage liability portion of the at-fault driver’s policy will most likely cover damage to personal property in your vehicle.” For example, if a child’s car seat is involved in a crash, the at-fault driver’s insurance company will be required to pay for the cost of a comparable car seat. In any case, where property damage is involved, it is helpful to prove the cost of an item with a receipt showing the date of purchase and the amount. If you don’t have a receipt available, then the insurance company will guesstimate the value based on average costs for the same item. If items are damaged and there is a question as to whether or not you will be reimbursed for their loss, it is best to state everything that was damaged and request compensation. It will be up to the insurance company as to whether or not they will compensate for all property damage. Such negotiations generally happen on a case-by-case basis.
Car Rental According to the Utah Insurance Department, “Utah insurance regulations require an at-fault driver’s insurance company to provide payment for the ‘reasonably incurred cost of transportation or for the ‘reasonably incurred rental cost of a substitute vehicle during the time your damaged vehicle is being repaired. The insurer is obligated to pay for loss of use only if they accept liability. If your vehicle is a total loss, that payment would be from the date of the accident, which has been timely reported, until the time a reasonable settlement offer is made by the insurance company.”
Our experience is that most insurance companies currently allow about $20 per day for a rental vehicle and there are no laws specifying what type of vehicle you may rent. However, if special circumstances require a vehicle similar to your damaged vehicle, be sure to let the insurance company know right away to find out if they will cover those costs.
If you have questions about property damage—whether it’s about your own situation or someone you care about—you are welcome to call our office at (435) 673-9990. There is no charge for this call. We are experienced in property damage issues and are happy to help get your questions answered.
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