A diminished value claim is IN ADDITION to the cost of repairs. A bodyshop can repair a vehicle but only a claim for diminished value can reimburse you for a loss in "value" following an accident.
The amount of diminished value depends primarily on:
- the type of vehicle being damaged,
- the date and location where it was damaged, and
- the nature of the damage itself.
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Expert Diminished Value and Total Loss Reports
Was your vehicle wrecked and repaired?
99% of repaired vehicles suffer diminished value.
Was your vehicle totaled?
94% of totals are undervalued.
You are entitled to MORE money!
Don't settle for less money than you deserve!
Get The Loss Report today!
"State Farm offered me $84.77 using a formula; after getting a diminished value report, they paid me $1,725."
-K Keeton, Chamblee, GA
"My attorney referred me to you and AllState paid me $4,862 in diminished value."
-L Smith, Atlanta, GA
"I thought getting a claim paid on a luxury vehicle would be tough, but USAA paid me $15,900 in diminished value! Awesome!"
-M Schectman, Los Angeles, CA
"Esurance paid me 42% more for my total with your help. Thank you!"
-I Griffin, Lake Mary, FL
"Nationwide paid 100% of my claim for diminished value. I was paid $2,850!"
-R. Williams, Sparks, MD Learn:
- What your claim is worth.
- How you can collect in your State.
- What you will need to do to make a successful claim.
- What objections the insurance company will use and how to overcome them.
Total Loss & Diminished Value Claims
Total Loss occurs when the repairs exceed a vehicle's value.
After a total loss your insurance company will reimburse you the "value" of your vehicle. They typically use either a formula or an independent appraisal to establish the amount they pay you. To ensure you receive the amount you are entitled to, you will need your own appraisal.
The value of your vehicle can depend on:
- the comparison vehicles used by the insurance carrier
- market adjustments for mileage, condition, and equipment
- the specific mileage, condition, equipment, and history of your vehicle
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