Your new 2006 honda crv was totaled by fire in your garage how much money should you expect from insurance company coverage?

Answer

In the case that the car is brand new, the value is still new as well. You will receive either a replacement of the same vehicle, or actual cash value, based on purchase price. Generally, for one year after purchasing a brand new vehicle, the total value is considered and usually indemnified.

Also, take into consideration any items IN the vehicle at the time of the fire - those would be covered under your homeowners/tenants coverage.

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