NO_FAULT Insurance - Whose fault is it ?

Chedva
Sat, 12 Jul 2008 12:20:13 +0000

1. car replacement value

Sethcolby, at least in the States, you never get replacement value even if you have your own coverage. You get depreciated value from insurance companies, unless you have a prohibitively expensive insurance policy (or your car is very new - some companies have enhanced their policies for replacement value for cars less than 2 years old). We had that happen when our car was stolen and totalled; our own company paid only what the car was worth at the time it was totalled. We had to come up with the difference to buy a new car.

If that’s what you’re looking for, don’t bother. If your car was not worth much to begin with, you’ll spend more in attorneys’ fees than you’ll recover.

At least in US law, rental car, hotel costs, and costs to fix your other car to make it driveable are not recoverable. And “pain & suffering” is compensable only for bodily injury, not for simple aggravation.

See if you can talk to an Ontario attorney for little fee for a consultation. (American plaintiff lawyers do that all the time.)