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2 property damage expenses that can affect Texas crash claims

Apr 12, 2022 | Personal Injury

If you wreck your vehicle or get hurt in a car crash, you expect that insurance will take care of you. While you may have invested quite a bit in your coverage, you actually depend on the policy carried by the driver who caused the crash.

Their insurance will potentially pay for your medical costs, lost wages and property damage expenses. Some people think that property damage expenses are insignificant after a car crash. After all, the state requires that drivers carry at least $25,000 worth of property damage coverage.

However, the losses that you suffer might cost more than that. When evaluating your property damage claim, it’s important that you do not ignore the two property damage losses below.

Personal property losses

Did your phone go flying out of the vehicle and shatter all over the road? Depending on the make and model of that phone, it might cost more than $1,000 to replace. If you purchased it as part of your phone plan, you may still owe money on the phone at the same time that you have to replace it.

You might also lose other expensive personal property in a crash, like laptops or even designer clothing that gets ruined in the collision. Those belongings could easily add thousands of dollars to your insurance claim or civil lawsuit.

Lost value due to vehicle damage

When you have to fix your vehicle after a car crash, it will cost thousands of dollars to repair. Even after you have the major issues and cosmetic problems addressed, it will be another expense to consider. Specifically, your vehicle’s resale value will be lower because the car was involved in a wreck.

The diminished value of your vehicle after a crash could affect you by reducing its resale value by thousands of dollars. The newer and more expensive your vehicle was, the higher the amount of diminished value you may be able to claim after a collision.

You don’t have to suffer an injury to file a personal injury claim, as you simply need provable losses that result from someone else’s negligence or misconduct. Knowing the protections available to you after a Texas car crash will make accessing those protections easier.