What is diminished value?
If you are in an accident that is not your fault the insurance company will fix your car but what about the loss of value from the “bad Carfax”? Sometimes the insurance company will try to tell you that once the car is properly repaired is has suffered no loss of value but they know that is nonsense and so do you. Common sense indicates that no one will willingly pay the same for a car with accident history as they will for one that has never been hit.
Diminished Value Calculator
Looking for a diminished value claim calculator to determine just how much of a loss your car has incurred? Obviously it varies with the year of the car, the make and model, the amount it was worth at the time of the accident and the amount of the repair estimate. Contrary to what they will tell you the car does not have to be “new”, low miles, or even have an accident free history, we routinely collect DV on cars that are 10 years old, have over 100,000 miles and even have prior accidents.
The normal diminished value claim runs between $4,000 and $8,000 and is usually between 15 and 20% of the value of the car at the instant it was hit. The insurance company will sometimes tell you that they use “formula 17C” or some other algorithm, they may even tell that it is “required by law”.
Nonsense, they know what diminished value is, they know they owe it to you, and they know exactly how much they owe on your exact car and circumstances. Our job is to get them to admit it and pay up (and we are good at it).
When you talk to me about your personal circumstances, your car and the amount of damage it incurred, I will be able to tell you exactly how much of a DV claim you have and what the process of getting compensated for it will entail. There is never any charge with us until you have actually been paid for your diminished value claim so call me now and find out exactly how much you are owed.
How to collect diminished value?
A little bit of research on your part will lead you to the same conclusion as outlined above, your car has lost 15 or 20% of it’s value due to the accident history, But the insurance company will tell you “the burden of proof of your diminution in value claim is on you and we are not obligated to tell you what the “proof” is”.
You may be able to get a buy offer from Carvana or CarMax and then make a case that the car “should be worth more, they are adjusting their offer for the accident history” but invariably the insurance company will tell you the lower offers are due to “market fluctuations or economic conditions” and they don’t establish diminished value. They may tell you to get a diminished value report, that is where we come in.
We will write you a diminished value report that is based on common sense. Our report demonstrates clearly that your car lost a significant amount of value due to the negligence of the at fault driver. The report is based on a two step process involving guidebook values and comps that establish the value of the vehicle just prior to the accident as well as it’s current value having accident history, the “bad Carfax”. Because our reports are based strictly on common sense and are easy to understand, they are effective. That means our clients get paid.
Can we prove that our reports produce results for our clients? Yes we can.
We do not charge you any money up front. We provide you with the report and we help you deal with the insurance company all the way through until you collect your settlement, only then do you pay us.
Don’t shell out hundreds of dollars for a DV report that you don’t know will even work, you may get a “money back guarantee” but we give the even better “no money now” guarantee, if you don’t collect you don’t pay us.
CALL us now at 863-852-6315
Direct email [email protected]
372+ 5 star reviews on home page
Diminished Value Calculator | Diminished Value Claim Calculator
Looking for a diminished value claim calculator?
As a general rule you can figure diminished value to be in the neighborhood of 20% of the value of a mainstream vehicle at the instant it was hit. The amount of the diminished value claim may be a higher percentage on a very expensive or rare car, and it may be a bit lower if the damage is minimal. The actual dollar amount will depend on the car and the amount of the damage but any accident history will hurt your cars value when you go to trade or sell. Normally our diminished value claim will be between $4,000 and $8,000.
While there is no actual “formula” (17c or otherwise) to determine the exact amount your car has lost from being in an accident, there is a way to get a good idea of how much you should be able to collect. Look up KBB private party retail for your car. Get the “excellent condition” figure. Then change the condition to “fair” and subtract that figure from the “excellent” number, the result is pretty accurate. The proper classification of a car with damage history for a trade in appraisal is “fair” no matter how nice it may actually be.
When you talk to me about the particulars of your case, your car and the damage it sustained, I will be able to tell you exactly how much of a claim you have and what the process of collecting it will entail. There is never any charge with us until you actually get paid on your claim so call me now and find out about your diminished value claim.
Does my car have to be “new” in order to collect on a diminished value claim?
No, our customers collect on DV claims on cars that are 10+ years old, have over 100,000 miles and even have had a prior accident. The concept is simple, your car had a value the instant it was hit and the value after it is repaired is going to be lower due to the accident history, period.
The insurance company may say “we don’t believe in diminished value, your car is fixed to perfection, you can’t tell it was ever hit” or even “the accident is not on the Carfax yet, hurry down to the dealer and trade it in”. They know that is nonsense (the trade it in and don’t disclose the accident plan is actually illegal some places) and our DV report will prove it.
Obviously in order to collect anything at all you will have to file a diminished value claim with the at fault driver’s insurance company. And they are not likely to go “Oh, of course, here is a nice big check!”. They will tell you that you have to document the amount of the loss and they will also tell you that they won’t say what “document the amount of the loss” actually means.
You also want to avoid the “swing for the fences” approach that some DV companies use of filing for 40%+ of the value of the car hoping the insurance will negotiate some large portion of that amount. They won’t, it is much more likely they will deny the claim outright as being insufficiently documented and you are back to where you started.
Fortunately we have a method that is based on common sense, with no goofy mathematical equations, that clearly shows the precise amount of the diminished value you are owed. We will help you every step of the way for $250 or 10% of the amount of the settlement whichever is more which you pay us after you collect!.
Check reviews and BBB complaints when you choose a DV company of course. I believe we are the only diminished value report provider that actually follows through with helping you collect your claim and we are about the only one that doesn’t charge a big upfront fee. No need for a “money back guarantee” if you don’t give us the money in the first place! We are able to do this because our diminished value report will produce results. Our customers are happy and they pay us.
Diminished Value Estimate – how much can I get for my DV claim?
To get your precise auto diminished value estimate email or CALL me with the following info:
Year, make and model of your car.
Miles and any extra value equipment information.
How much was the total cost of the repairs or estimate?
The name of the at fault driver’s insurance company.
The even easier way is to email me the shop estimate, it has all I need to give you an idea of the diminution of value.
I will let you know on the phone or via email exactly how much I believe you can recover. This consultation is at no cost to you so call me now at 863-852-6315 or email direct at [email protected].
Live Chat (it’s me! not a bot) here
Check our 374+ 5 star reviews.
How to collect diminished value
You pay us after you collect!
You have concluded that you have a diminished value claim and now you want to collect what you are owed. How do you do that? The insurance company will tell you “the burden of proof of your diminution in value claim is on you and we are not obligated to tell you what the “proof” is”. You may be able to get a buy offer from Carvana or CarMax and then make a case that the car “should be worth more, they are adjusting their offer for the accident history” but invariably the insurance company will tell you the lower offers are due to “market fluctuations or economic conditions” and they don’t establish diminished value.
They may tell you that you need to get a diminished value report. There are lots of providers of diminished value reports up and down the page. What different types of reports and service do they offer? There are many “formula 17c” type math based diminished value companies that do computer generated DV reports. Yes, everyone writes the diminished value report on the computer, a computer generated DV report is written largely by the computer. They have developed software that can take the vehicle VIN, miles and options list, factor in the accident details, and “generate” a diminished value report. The insurance companies give these types of reports little credibility.
The real issue is this, even if the diminished value company does the report with a math formula, what really matters to you is will they help you collect? Some will tell you they will handle the claim directly with the insurance company and very seldom is that the case. The insurance company is not obligated to deal with the diminished value appraiser you select and therefore they will not. The insurance company is going to deal with you directly because they think it will be easier to push you around. You are going to need help and unfortunately a lot of diminution in value vendors are simply not going to provide it, they are “grab the fee and flee” operators. You pay and when you submit the report to the insurance and they push back you are no longer able to reach the DV company on the phone or email.
Pay after you collect. Don’t pay hundreds of dollars for a diminished value report that you don’t know is going to work. No risk – if you don’t collect you don’t pay!)
Lucky for us there is an easy way to sort this out, reviews. Simply check reviews (and look online for complaints also, BBB and so forth). Sun Auto Appraisers has 360+ 5 star reviews because we provide an actual service.
We write you a diminished value report that is based on common sense. Our report demonstrates clearly that your car lost a significant amount of value due to the negligence of the at fault driver. The report is based on a two step process involving guidebook values and comps that establish the value of the vehicle just prior to the accident as well as it’s current value having accident history, the “bad Carfax”.
Here is the best part, we will help you. If the insurance company is difficult we will show you how to respond in a manner that results in you getting paid. If you are wondering how much your diminished value settlement should be simply ask us. Call 863-852-6315 or email the repair estimate to [email protected] and we will give you a free diminished value estimate right now.
We have a live Chat option and we guarantee our results – you pay us AFTER you collect!
Reach out to us today and collect diminished value that you are owed!
370+ 5 star reviews here
Diminished Value Report
Pay after you collect. Don’t pay hundreds of dollars for a diminished value report that you don’t know is going to work. No risk – if you don’t collect you don’t pay!)
In order to collect on your diminished value claim you will almost certainly need a diminished value report. We have a unique, common sense based method of preparing a diminished value report that is very hard for the insurance company to deny.
Diminished value claims are not “standardized” like a total loss dispute, instead they vary widely from insurance company to insurance company as well as within the same company!
What I mean is, one person may file a diminished value appraisal with Company X and be told “we do not recognize the established case law on diminished value, we fixed your car to perfection etc”, and the next person to file with the same company has their request sail right thru and gets paid in full. Both claims get paid, the first example is just more of a challenge to collect. We help you all the way through the process and I think we are the only diminished value provider that actually does help their clients through the entire procedure (check reviews and BBB complaints when researching a DV company).
(We serve most states – if you are reading this we probably can help YOU!)
Here is what is a sure thing: no amount of arguing with these people will make them pay the money that they owe you without submitting a properly documented and presented diminished value report. Beware of “file for 40% or 50% of the value of the car” outfits as well as the do it yourself $17.95 “diminished value kit”, the insurance company sees both of them all the time and dismisses them out of hand.
Do your research and check reviews. We have the best reviews in the diminution of value field because we tell you the truth about the process. It means my “closing rate” per call is not that high but it also means I don’t have any angry customers “you told me it was going to be easy”!
(No Risk Diminished Value Guarantee – No Upfront cost – If you don’t collect you don’t pay!))
If you call (863-852-6315) or email us at [email protected] I will gladly consult with you about your claim at no cost to you.
It’s great to have so many people reading these posts but if you don’t CALL us now, we can’t help YOU!
Email us the repair estimate, no charge to check it out and let you know what sort of DV claim you have.
Diminished Value Estimates
What should be my diminished value settlement amount?
Some providers of diminished value reports will quote unrealistic estimates of what you may be entitled to receive as a settlement amount in order to attract business. Essentially the sales pitch is this “we will file a claim for 40% of the value of your car and the insurance company will counter with 80% of that”.
So, if your car is worth $30,000 the 40% is $12,000 and 80% of that is $9,600. This is assuming significant damage and a “mainstream” vehicle. Here’s the problem, the insurance company knows exactly how much they will pay on a diminished value claim that is properly submitted, and it’s not that high. With significant damage and depending on make, model, miles, and year of the car, they will pay something like 15 to 20%. On our hypothetical $30,000 car that is $4,500 and $6,000, with the usual award falling in the middle somewhere.
But…why not “go for it” start high and negotiate down? Here’s why, the insurance companies routinely get these inflated claims from the same diminished value “specialists” and they DENY them outright as “inflated”. You wind up with a “denial of claim” letter, the people you paid to write your appraisal tell you whatever they are going to tell you, and you are right back where you started. Check reviews and BBB complaints when you select a diminished value company. We actually help you all the way through the process, I don’t think any other diminished value company does.
Is there a guarantee?
(We have a unique, common sense based method of writing our DV reports not based on any easily refuted math formulas)
(No “Money Back Guarantee” because you pay us when you collect, not in advance!)
We write every diminished value report individually on a “per case basis”. The insurance company may not pay every claim submitted on one of our reports without a fight, BUT they do know the figures are based on a factual knowledge of what a car is worth, before or after a damage history appears on the Carfax, Autocheck etc.
If you get quoted numbers in the range of 30% to 40% of the retail value of your car, very likely those figures are too high and will result in a denial of claim. If you wish to talk about a diminished value claim or total loss claim, feel free to call me anytime at 863-852-6315.
Direct email [email protected]
Check my Live Chat and Contact Us section and read our 370+ reviews!!
Diminished Value Claim State Farm
State Farm Diminished Value:
It is time to revisit diminished value and State Farm Insurance. While it is true that they can be difficult, you will collect on a diminished value claim against State Farm if you approach it correctly. If they think they can scare you away empty handed that is what they will try to do. Over the past fifteen years I have seen them go from outright trying to deny every claim to negotiating every claim in a reasonable manner. They must do some cost effectiveness study every so often and change course depending on the findings.
State Farm diminished value calculator – how much are you owed?
Diminished value is the loss of value you car has incurred as result of being in an accident that was not your fault. The loss of value results from the accident history (bad Carfax) which your car now has through no fault of your own. The year, make, model and mileage of your car, as well as the severity or lack thereof of the damage, all factor into the process of determining the amount you are owed. As a general rule you will find it works out to between 15% and 25% of the retail value of the vehicle at the instant it was hit. Put the details of your car into KBB private party retail excellent or good condition, then change the classification to “fair”, the difference will be pretty close to your actual diminished value claim. A lite hit on the family Camry will result in less inherent diminished value than will a multiple tens of thousands of dollars repair on an exotic car.
How can I collect diminished value from State Farm insurance?
Like any insurance company State Farm is going to tell you that the burden of proof of the loss of value is on you. They may try to tell you there is no such thing or “we don’t believe in diminished value” or your car is fixed to perfection, no one can tell it was hit etc etc. The reality is that they are obligated to compensate you for the loss of value you car has suffered and they know it. They also know precisely the amount of the loss.
The first step is just to ask them for it. Tell they adjuster “I intend to file a diminished value claim”, see what the response is. They make make you an offer. While it almost certainly won’t be the fair amount if they make any offer at all you have defeated all the “no such thing” arguments right away. Most likely they are going to tell you that you have to “submit supporting documents” which translates into “get a diminished value report”.
Diminished Value Report:
You entered something related to diminished value into the search engine that brought you to this article therefore you know that there are tons of results for both attorneys and diminished value providers out there. While we do have a diminished value attorney that will actually file a DV claim for you if you wish, they are pretty rare. Most of the attorney ads are actually looking for injury clients.
As to the diminished value companies: do your research! I am amazed when people call or email me and say “I got a DV report from so and so and when the insurance company gave me a hard time they stopped taking my calls!” I reply “what did you expect? Did you check reviews and BBB complaints or did you just believe the “you will get huge money in two days time and never have to speak to the insurance company at all”! hype? Unfortunately some of these outfits are just out to grab a fat fee upfront and run.
All of this brings us to the fact that I believe we are the best diminished value claim company there is. The most important difference with us is we will help you all the way through the process. Almost nobody else will. We write the report and send it to you, you send it to the insurance company, they respond and we help you deal with them until you get them to a settlement that you are willing to take.
We charge $250 or 10% of the settlement whichever is more. You pay us AFTER you collect! Check our 370+ 5 star reviews! Look on the internet for BBB complaints or other derogatory info about us, there isn’t any mostly because we don’t BS any one about the process.
In order for us to help you collect the diminished value claim you are owed you need to CALL 863-852-6315 or email us direct at [email protected]
Live CHAT also – it’s us – not a bot!
Progressive Insurance Diminished Value Claim
I do a lot of Progressive diminished value claims and in today’s environment they are better than some of the other big companies. It takes some “negotiating” but they will pay on a properly submitted diminished value claim.
If you have a question about any diminished value claim there is no cost or obligation to contact me on Live Chat on my homepage (or the Contact Us button) or call the number listed below. Do your research, check the reviews on the web of the diminished value report provider you are considering. I have no bad reviews because I tell the truth about the process and my reports get you paid the most money possible!
(We serve most areas – if you are reading this we probably can help YOU!)
UPDATE 4/16/21 – I had Progressive insurance tell a customer of theirs who filed a DV claim against AFI in IN to get a diminished value report from me! They told the lady that my DV reports were the most credible they see! And I heard from a customer who collected $2,600 in DV from Progressive on his 2012 pickup with 210,000 miles!
Success story 3/23/18. We had a client with a 2017 Nissan Rogue with approx 10,000 miles. They bought the vehicle new, kept it maintained and detailed and were in a moderate accident with a Progressive customer. The repairs were $3,281.92.
When my client asked about diminished value they gave him the “we don’t believe in diminished value” treatment and essentially offered $0. If the insurance company can tell you that or “there is no diminished value in Florida or wherever you are, or “there is no diminished value in your case because your car was a program car or a rental when new” or “the damage to your car was not significant enough for diminished value to apply” or….whatever else, they will. This is not good business practice or shrewd negotiation, it’s pretty much insurance fraud!
I wrote the diminished value report at $3,400, they came back at $2,000 worded in the context of the entire repair to make it look “better” (more on that some other time). With some “persuasion” they came up to $2,500 and today we settled at $3,000. I have two total loss claims and another diminished value going with Progressive right now. One of them I got referred to me by an attorney who “heard I do well against Progressive”!
(Progressive Diminished Value Claim Calculator. We have a unique, common sense based method of writing our DV reports that is not based on any easily refuted math formulas)
Call or email and tell me the year, make and model of car, the amount of the repair bill, and I will give you an accurate estimate of what you can expect to receive.
If you have questions about a total loss or diminution of value claim with any insurance company please CALL us, Sun Auto Appraisers at 863-852-6315 or direct email at [email protected].
Check my 370 + 5 star reviews!
More diminished value information:
What should be my Diminished Value Settlement Amount?
Or contact us on Live Chat!
Geico Diminished Value Claim Calculator
Diminished Value Claim Geico:
Geico will negotiate diminished value claims on a per case basis. Some of their diminished value adjusters are much easier to deal with than others. Either way you get paid, it’s just a question of degree of difficulty.
(We have a unique, common sense based method of writing a diminished value report that is not based on any easily refuted math formulas (like formula 17C) and we will help you through the process, most DV providers will not, check reviews and BBB complaints.)
There are a lot of corporations online with diminished value appraisals, here you are dealing with me directly. Do some research, check my reviews on the web as well as any other provider of diminished value reports you are considering. I have the best reviews and it is because I tell the truth about how it works and my reports get you more money!
We will help you thru the entire process, most diminished value companies will not. Check reviews and BBB complaints before you decide who to deal with.
(No Upfront cost diminished value attorney process available, pay after you win!)
The secret to collecting from Geico or any other company on a diminished value claim is making them realize you are going to follow through until you are paid!
(Can you get paid on a diminished value Geico claim? YES! Read on then get with me to find out how. Don’t forget to check my reviews!!)
This is an updated post on a subject that gets a lot of attention. At the bottom there is a link to my main page which has lots more info and live chat as well.
Recently (this is an updated post) we had two diminished value claims with Geico, one was on a Subaru Outback worth about $35,000 that had sustained approx $8,000 in damage, and the clients zip code was 33809 (Lakeland FL).
The other was on a Chrysler 300 S Alloy Edition worth $26,900 that had sustained $1,700 worth of damage and the customer’s zip was 33194 (Miami). In the case of the Subaru, the client asked Geico for a diminished value settlement and they offered him $3,000. He contracted with me, I wrote a report and they paid the amount that we found to be correct, which was $5,950.
In the case of the Chrysler they offered the customer $0. We wrote the report stating the correct amount was $3,400. Geico then came up with an offer of $1,400 together with some extremely convoluted reasoning involving “market psychology”, “first party diminished value” (which does not apply in this instance, he was hit by their insured) and a demand for “actual examples of similar cars sold at distressed prices by dealerships because of having damage history, to include VINs, dates of sale etc”.
(This actually led me to change my method to the one I use today!)
I found the latter very interesting, it is data that is unobtainable and Geico knows that. So they were saying “give us something we KNOW you cannot get, and we will pay up”. In the end they did indeed settle very close to our $3,400 demand but I found the delay and deny tactic in this instance to be very imaginative indeed.
(I found a work-around that argument, diminished value is a dynamic process and as the insurance companies come up with new denial tactics, I have to come up with new rebuttals!)
What is the significance of the zip codes above? I was told by a person “inside” the insurance industry that among the many factors they consider when trying to “deny and delay” a diminished value claim is the likelihood of being able to intimidate (financially) the claimant, and the first place to start is by looking at his or her address. They seem to not only look at the publicly available indications of financial strength but also age. Lately it seems that all the claims I submit for younger people get the “treatment”, lowball “offers”, “courtesy payments” etc before they bite the bullet and pay up.
Financially strong, older types like the Subaru owner above, they pay without a question. My G55 AMG ($30,000+) and Rolls Royce Ghost ($26,500) were settled immediately. I guess they think those guys have resources they don’t want to explore?
If you have a Geico diminished value claim question…it is free to ask me on CHAT or CALL me at 863-852-6315 or see the Contact Us button.
Call and tell me the year, make and model of car, the amount of the repair bill, and I will give you an accurate estimate of what you can expect to receive.
(Geico has become a “negotiator” like Progressive. If you go into the process with the right outlook a good outcome can result)
If you require a diminished value report or just wish to avail yourself of my offer of free consultation, CALL us. 863-852-6315
It is very gratifying to have so many people reading these articles BUT, if you don’t CALL me now, I can’t help YOU!
Again Live Chat available.
More diminished value info here.
Check our 380+ 5 star reviews here
Diminished Value in Florida | Florida Diminished Value Claim
Florida diminished value claim calculator:
Diminished value in Florida is based on established case law which states that the at fault driver’s insurance company is responsible for repairing your vehicle to body shop industry standards and to compensate you for the loss of value your vehicle has suffered as a result of being damaged through no fault of your own.
You can figure the diminished value amount to be about 15 to 20% of the retail value of your car at the time of the accident. We will be glad to give you an accurate figure if you wish at no cost.
It is the vehicle damage history (known as a “bad Carfax”}, that causes the diminution in value, not the quality or lack thereof, of the repairs. The severity of the damage affects the diminished value proportionally to the year, make, model and mileage of the vehicle, but the existence of the damage history itself is the primary cause of the loss of value.
The proper term for this is Inherent Diminished Value.
The insurance company often wants to go down the path of “repair related diminished value” wherein they claim “your car is fixed to perfection, no one can tell it was ever damaged, we owe you nothing”!
If the at fault driver’s insurance company states that “we do not believe in diminished value”, or “there is no diminished value in Florida”, or “the repairs are made to a quality in which the damage is undetectable so there is no diminished value”, that in no way changes the facts. There IS diminished value in Florida and properly documented claims get paid. Call us to assist you in filing your claim at 863-852-6315.
Diminished value is a “dynamic process”, that is it changes constantly as the insurance companies come up with new ways to try to deny claims, or recycle the old ways.
We have a unique, common sense based method of writing our DV reports that is not based on any easily refuted math formulas.
We write each report specifically for your case. Most DV providers use a computer program to “generate” reports. Do your research, check our 350+ reviews and you will discover ours are the best! We will help you through the process, check reviews and BBB complaints before you decide on a diminished value company.
(We guarantee that you won’t lose money on a diminished value claim because you pay us AFTER you collect!)
It is very gratifying to have so many people reading these posts BUT, if you don’t CALL me now, I can’t help YOU! 863-852-6315
My direct email is [email protected]
More diminished value info here.
Check our Live Chat with any questions.
Diminished Value Claim Allstate
(We serve most areas – if you are reading this we probably can help YOU!)
Have you been in an accident with an Allstate insured that was not your fault and you are thinking you may be owed for the loss of value your car has suffered?
Here is how diminished value claims go with Allstate (I update these posts to keep the info current). You can read lots of articles about DV in general on the pages linked below but this is specific to Allstate.
The secret to collecting on diminished value with Allstate, or any other company, is making them realize you are going to follow through and get paid.
I write the DV report. Mine are written by me and are not “computer generated” like the DV “mills” online. I send it to you and you send it to Allstate. They will send you a letter from Kurt Kurtz or Nancy Martin (they have some new people lately) saying “we don’t believe in diminished value but you seem like a nice person so here is ($500, $1,500 or $2,500)”
(We have a unique, common sense based method of writing our DV reports that is not based on any easily refuted math formulas)
You have to have an expensive vehicle with huge damage to get the $2,500 “offer”. Now, does this mean this is all you can get? No, by no means. It does mean that is all you will get “easily”. You may have to at least notify the other driver you intend to sue them and maybe even do it.
That is not as bad as it sounds because (I am not a lawyer…disclaimer) my customers tell me it goes like this: You file in small claims, sometimes you can even do it online, and then just wait. The closer it gets to the court date, the higher Allstate’s offer will get. They know they will lose in court so if you hang in there and don’t drop out along the way you will get every dime.
Yes, you can find someone to paint a rosier picture of how an Allstate DV claim works BUT this is the actual facts of the procedure (that’s why I don’t have any bad reviews, I don’t BS people about the process).
Call, email or chat…give me the info about your car and the amount of the repairs and I will let you know how much of a DV claim you have.
Click here for “Live Chat” or call me at 863-852-6315
Check our 380+ 5 star reviews
Diminished Value Claim on an Older Car
This is an update of an older post but the info is accurate today. And you CAN collect DV on a “second hit”, that is on a car that has been in a prior accident.
(We serve most areas – if you are reading this we probably can help YOU!)
The insurance company will tell you that in order to file for diminished value your car has to be almost new, very low miles and relatively expensive. Not so. Recently we successfully filed on behalf of one customer with a 2011 Honda Accord and a client with a 13 Hyundai Sonata with 109,000 miles.
The Honda did have low mileage and the damage was relatively light, the result was a settlement of $3,000. In the case of the Sonata we were able to show the car was worth $9,500 at the moment of the crash and had suffered a loss of value due to the accident. The company was Progressive, we asked for $3,000, they came back at $1,500, then $1,800 and the client settled for $2,000. Well worth pursuing.
Recently we had a customer tell Geico he was going to file a diminished value claim on his Viper. They told him “don’t bother, it was hit once before”. Well, the fact is you CAN file on a second hit you just have to adjust the pre-accident value of the car. He collected $3,500.
If you would like an estimation of how much you may be able to collect on a diminished value claim, call me anytime at 863-852-6315. Live chat here.
I am happy you are reading these posts BUT, if you don’t CALL me now, I can’t help YOU!
Check our 380+ 5 star reviews!