California  |  Insurance Law

Legal Question

Asked on: 4/23/08, 5:28 pm

auto insurance

Hi,

Basically my insurance is paying 24,000 for my car repair. My car new had a cost of 40,000, now on kbb is at 28,500. What is the law? can I make my insurance give me a new car? the damage is now 84% of the current value.

I have the car on lease and was planning to buy the car after the lease period ends, but now I don't want that car, so the insurance will make me loose the 20,000 dollars that I would have paid at the end of the lease. Do I have a case or not?


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