My question involves an injury that occurred in the state of: Florida
I was involved in an accident where the other person was at fault. I was hit by commercial vehicle from a roofing company. I sustained injuries and my vehicle is a total loss.
I had mechanical breakdown insurance on the car and it is only possible to get it if you are the first titled owner and it has less than 15, 0000 miles. If I buy a used car, I will no longer be able to have this coverage so I'll have to fix it out-of-pocket in the event of mechanical failure. I owe less on the vehicle than its value, which means I'll have money left over for a downpayment. However, if I take out a new car, I'll end up owing more than I did originally. Also, my interest rate was only 1.9%, and it may raise, which will cause an additional expense. I was wondering if I had a case to recover the amount it would take to get a new car (minus what I had owed on the car) from the person who is at fault since my insurance company will only pay the car's depreciated value.