Puppyjump wrote:The whole event was captured by the parking lot cams and I got a copy of that video. It shows the caddies rear tires are spinning and burning rubber as he hits my ZAP, and then burn rubber again as he speeds away. This along with a witness allowed me to contact the driver who said he thought he had hit a curb. So now the insurance companies are involved.
I wonder what compensation I can get? This is a one of a kind ZAP that has many mods along with 200 hours of engineering and fabrication time. Screen shots added. The 2008 ZAP sold for 12.5K, but my mods added another 8K to that cost, 5k of which is a Lithium battery pack that I installed 2 months ago. Will they take a reduced value from the base 12.5K and try to offer me say like $6K?
They can offer you $6k, but given the video, you'd be foolish to accept. I'd demand at least $30k, and threaten to show that video to a jury. Your 200 hours are worth something, and you can't just go to a dealership and replace that vehicle. The other driver is legally liable for 100% of the damage he inflicted
, and the insurance companies know that. They are going to try to talk you down, negotiate a settlement to stay out of court. But if you insist on going to court, using that video as evidence, that's your leverage to push the settlement back up where it belongs.
And if the video appears to show malicious intent, you might even ask for punitive damages. Add $100k to your demands, saying that you think the damage was deliberately inflicted and not an accident. Given they way he burned rubber trying to leave the scene of the crime, you know he wasn't trying to be ethical. Again, you're going to have to make that argument to a jury, or at least threaten to do so. But if the video makes the case for you, then you're in a position of strength. Ask for $130k, and settle for half that when the negotiations are over.
Edit: you probably should consult a lawyer before you take a stronger negotiating stance. I'm not a lawyer, and your local laws may differ.