Yes and No! I already talked to couple of lawyers. They are not officially representing me on this part, but they confirmed it. The other party can give you more depending of the situation.Negative sir they only have to pay you what the bike is valued at , that's what gap insurance is for . I worked insurance and this comes up all the time.
There is no black and white answer. And while is true vehicles depreciate after you buy one, this bike was bought just a few days ago, which makes the case different. Plus other party accepted liability, she got a ticket and there are several witnesses, including a cop.
I already sent an email with evidence of what I paid, they requested it. I am hoping that AMICA is willing to settle this so I can put this in the past and move on. I am not asking for anything else.
Depending of the answer, I'll take further actions. As a matter of fact, if they settle for $9500.00 plus towing and parking fees, I would probably say yes, just to put this in the past and stop wasting energy and time and all this process.
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