Your friend is off to Africa for a 10-day holiday. You drive her to the airport. You left her at the airport and you drive back home. You reach home and park your car outside on the side of the road since you have to go out again in a while. You go inside for a while and come back out after sometime. The moment you come back outside, you find someone has hit your car. You come to know that the lost control and hit your car. You take the driver to the police station and file an FIR against him.
The insurance company is informed about the accident. They send an auto appraiser to inspect your vehicle. The appraiser asks you about how the accident took place. The appraiser after inspecting your vehicle ask the insurance company to make an diminished value report and ask them to pay for the damages.
Your friend reaches Africa. She calls you up after a few days telling you she is having a great time. She asks about how you are doing. You tell her about the accident. You complain about how the insurance company is taking very long paying for the damages. She sympathizes with you. She tells you not to worry too much. You feel better after talking to her and thank her for sympathizing with you. In the evening, your friends come over after hearing about the accident you had in the morning. They feel sorry for you and tell you that you should get an insurance diminished value for your car.
You feel you do not need it because you are not planning to sell your car anything time soon. Nevertheless, they tell you that even if you are not selling your vehicle, it is important to know the value of your car before and after the accident. You finally agree after a long discussion and get it done. The insurance diminished value includes the model of the car, its present condition and the present market value of the vehicle.
Car insurance is important and is a necessity. It gives you a sense of security. It is useful when you get into an accident or when your vehicle is stolen. If you need help or have a few questions to ask, you can call 3126056500. The customer care services make sure you have answered all your questions and have no problem.s They are available all day long.
You can also read: http://www.artipot.com/articles/1865750/protecting-an-individuals-assets-with-insurance-and-appraisers.htm
