Diminished Value Help & Advice

I'm confused.

1. Was there no damage at all or no unseen damage?
2. It was a hit-and-run but you were able to identify the driver and their insurance?

UPDATE I filed my complaint with the Insurance Commissioner and got a call back from Progressive the next day. This new Progressive agent now says that they are willing to consider my claim but essentially said the value of my claim ($10K) is ridiculous and I’d be lucky to get $3K. They are going t...

Problem #1. The liability coverage of the at-fault driver has limits. Often these limits are not enough to cover all of your Property Damage claims such as repairs and diminished value. This is especially an issue when the at-fault driver only has the state's minimum liability coverage for Property ...

Consider the following factors. 1. Their methodology. This is the most important factor because appraisals produced with flawed methodologies are not respected by insurance companies or the courts. Ask the appraiser about their methodology. Unfortunately, many appraisers use arbitrary formulas. No f...

Welcome and thank you for the kind words! You're right, the denial is pure BS. If you want to have some fun, ask them to put it in writing that they've never paid out DV on a vehicle that hasn't been sold. Hint: you won't get it. You can also ask them how they determine the value of totaled vehicles...

If you own the vehicle (it's not under lease currently) and the accident wasn't your fault you are legally entitled to diminished value compensation in all 50 states. Additionally, in Georgia you're entitled to DV even if the accident was your fault. After the repairs are completed to your satisfact...

This information forum was created for YOU. To help you with diminished value because there is so much confusion and misinformation out there. Unfortunately, some insurance companies like it that way. But it won't stay this way. Because why we're here for you. To help, educate and share so you get t...

If your question isn't answered below, just post it in the forum and we'll get it answered! What is diminished value? Diminished value is the reduction in the market value of a vehicle after an accident. There are three types of diminished value: Immediate, Repair-Related and Inherent. Immediate di...