Not usually, at least under Texas law.
In an Austin auto accident lawsuit, the victim’s property damage is typically limited to the actual cash value of the vehicle (also called the fair market value.)
In unusual circumstances, the damaged property’s fair market value cannot be determined. Perhaps a priceless family heirloom was destroyed.
Only when the market value is not clear will courts look at other reasons (known as extrinsic factors) to decide what the damaged property was worth.
Texas courts have lots of evidence to figure out a damaged automobile’s value before the accident:
The court (or an insurance company) will usually be able to figure out what a vehicle was worth before it was damaged. This includes a used vehicle’s depreciation from its purchase price.
Learn more about how courts and insurance companies decide the value of your damaged vehicle here.
If you have been in a vehicular collision in the Austin area, speak to an Austin car accident lawyer to understand your rights under Texas law.
You may be entitled to more compensation for your damaged vehicle than the insurance company is offering.
An Austin auto collision attorney can help make sure you get all the money you deserve under Texas law.
Justinian & Associates is an Austin-based personal injury law firm with experience and a record of success.
Contact us for a free consultation with a seasoned Austin auto accident attorney. We will hear your story and explain your options under the law.