Diminished Value

Mar 29, 2007 2 Replies
A

I didn't know you could collect for the reduced market value of your car after an accident repair, but the articles at

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say you can. I know most people will not buy a car with a bad Carfax unless it's offered at a big discount. Anyone else know about this stuff?


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C

Last year got 10% of the value of my MB in diminished value after a rear end collision. ($2,250). My own insurance company (uninsured motorists claim)

Three years before, got $3k from State Farm when one of their insured members hit my Volvo wagon.

Most insurance companies will send yo a form if you ask for it...but will not 'advertise' the fact.

But --- the likelihood of getting such a claim is much lower if the car has already been in an accident.

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N

Insurance companies MAY only offer you half of what is due. Diminished Value (DV) is the loss in market value that occurs when a vehicle is wrecked and repaired. Don't let the insurance company tell you how much. Ask The Experts at Collision Claim Associates, Inc.

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They stay with you thru the entire claim process. You get an inspection which most companies demand before any payout. Then a report with instructions and sample demand letters for all contingencies.

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