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”? The difference in the price of a car with no accident history and the price of one that has been in an accident is “diminished value” and you collect it by filing a diminished value claim.
Key Takeaways
- Diminished value claim refers to the loss of a vehicle’s value due to an accident history, even after repairs.
- Insurance companies often deny diminished value loss, but common sense shows cars with accident history are worth less.
- Use our diminished value calculator to estimate your claim, typically ranging from $4,000 to $8,000.
- We provide a detailed diminished value report that helps you prove your claim to the insurance company without upfront costs.
- Our clients pay only after successfully obtaining their diminished value claim settlement.
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
Are you 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 the insurance 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. Search Google for “Sun Auto Appraisers reviews” and “No upfront cost diminished value claim“, even the AI results are great!
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 sunautoappraisers@aol.com
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