My question involves insurance law for the state of: TN
Someone ran into my vehicle and totaled it. Their insurance company has accepted liability, but are lowballing me. I've recently put double into the car than what they are offering me. I couldn't even replace the car with one that runs based on their offer, and they're not budging. I've seen a similar car for sale for more than their offer, and it doesn't even run and has several problems like things are missing.
The problem is it is an older car. So, there really isn't any comparables around. My insurance company said to go by blue book. Which is around 500% more than their offer.
Is there anything I need to know in order to come up with a value since it is an older car? I was going to go by Nada. Obviously I know I'll have to sue the driver. Hopefully they won't tell their insurance company they are getting sued, so it would be easier in court not having to battle against a lawyer.
They said they don't go by replacement value. But I figured you were supposed to figure up what it would cost to replace the car with a similar one?
And is there any weight in the argument they are supposed to make me whole and put me in a place before the wreck? I see that mentioned sometimes, but I wonder if it has any legal weight?