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Re: Auto Transmission Depreciated Repair From Flood


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Posted by tonyb on August 24, 1998 at 16:52:13:

In Reply to: Auto Transmission Depreciated Repair From Flood posted by S.D.Stanley on August 23, 1998 at 18:47:58:

I am posting a section from the NAIC Claims Settlement Regulation:

G. When the insurer elects to repair and designates a specific repair shop for automobile repairs, the insurer shall cause the damaged automobile to be restored to its condition prior to the loss at no additional cost to the claimant other than as stated in the policy and within a reasonable period of time.

Though I think you agree that a new transmission is better than a used one, so betterment is really the issue that needs to be worked out.

The principles and procedures apply to auto damage claims and other property claims (1st party) that are contained at: Deserve

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