Ever wonder about valet service?

The insurance company is only obligated to go by book value in most states. While most of the major carries have full replacement for cars under 1 year now, guessing they went with the bargain price carrier. However, you can go after the company and the individual for negligence in the amount of the difference to pay for replacement, as well as inconvience/distress and lawyer fees. Any reasonable judge would likely take your side.

Good luck and be persistent! Get lots of documentation, such as print off price sheets and auto ads with today's date for your exact make/model. The downside to expensive cars is they can depreciate pretty fast, but Corvette's have a large following and it's a breeze to find the going market value.

According to the valet company's insurance, they are only covering the book value and not the replacement cost. That was one expensive steak !!!

If you need someone to adjust the way they see things...drop me a P.M. Ever since my daughters hit dating age, I've had some excellent "eye doctors" on retainer

The insurance company is only obligated to go by book value in most states.

Not exactly. As John's lawyer knows, the measure of property damages in Kentucky is the difference in value before and after the negligent act. That may or may not be book value, depending upon condition, extra features, etc. Absent other evidence, many companies use book value as the measure, but the owner is not bound by it when there are reasons to adjust, up or down. If the car is totalled, there is an allowance for a temporary replacement vehicle for the reasonable time necessary to find another car which, theoretically, should be worth the same as the one that was totalled. As with many things, the devil is in the details.