My question involves insurance law for the state of: Utah
I filed a third party claim the other driver was 100% negligent. Their insurance company is giving us a cash value on the car based on a different model. So they are not comparing apples to apples. If they used the same car I am certain the cash value would be more. The issue is that the car is brand new so I am going to have to fork over the difference of the loan amount and the cash value they are offering.
My question is do they have to use exact vehicles for the comparables or can they use similar vehicles?
If they must use exact vehicles for comparison is this insurance fraud?
Thanks in advance,