A 40 mph collision could indeed cause some frame damage. The good thing about all this is that cars crash all the time, so there’s a lot of experienced technician who have the knowledge and expertise and equipment to fix them. As long as the insurance company didn’t declare it totaled, you should be able to get it fixed good a new. Work with your insurance company. I don’t think you’ll be able to get any compensation for depreciation due to the accident, but no harm asking your insurance company. I expect they’ll say the way it works is when it is repaired, it is as good as before the accident, so there’s no depreciation involved.
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