Re: Diminished Value?????

usually end with the

The truth is, you don't have to sell your car or wait to collect for a diminished value claim. If the insurance company accepted liability for the accident, they owe for all of the loss, not part of it. Diminished value is not a separate claim, rather an extension of the same claim that pays for replacement of bent fenders etc.

Since I have been around here long enough for most to know me, I doubt anyone thinks I'm an insurance troll.

I have been on several forums where people have had original untouched cars that were wrecked and they were unsuccessful at getting a diminished value award. First, they can't prove the amount. Is it $5000 less or is it $25,000 less? And until it sells, how do we really know?

I agree, you should be able to say that my original survivor 1966 with original paint, original panels, etc. that has the front end ripped off has now just lost a huge amount of its value, but what is the price figure? And after it is restored, is the price really different?

For a real life check on this, go over to the Corvette Forum and look up Tyler Townsley who just had his original '66 hit about two months ago and the front end torn off. The new jigged press molded front is no where near the same, so the value has to be less, but he hasn't and won't collect for that.

My experience with insurance has been you are usually lucky if you can get the full payment of the repairs. To get the diminished value also is like hoping to find all 6 numbers matching on your lottery ticket. Insurance companies can all go broke for all I care, no apologies given.

BTW, I can't get your link to open.

most to know me, I doubt

Coming up with a value is what experts are for. Some states even stipulate the sources that must be used to determine the value. There are ways. We do it everyday.

If this is the link to which you refer, I didn't post it.