Search found 28 matches

by Simon
Fri Dec 11, 2020 11:30 pm
Forum: Main Forum
Topic: The insurance company offered me a diminished value amount based on the 17C formula. It seems too low. What should I do?
Replies: 0
Views: 475

The insurance company offered me a diminished value amount based on the 17C formula. It seems too low. What should I do?

The 17c formula was put together by insurance company lawyers in Georgia and is designed to grossly under-appraise diminished value. You don’t have to agree to its use. Obtaining an independent diminished value appraisal from a reputable auto appraiser is very likely to result in a substantially hig...
by Simon
Sun Dec 06, 2020 11:12 pm
Forum: Main Forum
Topic: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied
Replies: 20
Views: 2607

Re: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied

I still haven't heard back from either Autocheck or Carfax. I'm assuming Autocheck won't get it off the report as it states in the report that there may be no damage: "A state or municipality has reported an accident or collision for this vehicle that may or may not have sustained damage. Not all d...
by Simon
Wed Nov 18, 2020 4:36 pm
Forum: Main Forum
Topic: I got into an accident in my rental and now the evil car rental company wants me to pay diminished value! Help!
Replies: 0
Views: 402

I got into an accident in my rental and now the evil car rental company wants me to pay diminished value! Help!

First of all, they are not evil. Before you got the keys you signed a contract where you agreed to be liable for all losses resulting from an accident regardless of whether you are at fault or not. Those losses include diminished value. So the first part of this is unpleasant but easy. Yes, you are ...
by Simon
Wed Nov 18, 2020 6:35 am
Forum: Main Forum
Topic: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied
Replies: 20
Views: 2607

Re: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied

OK. CARFAX states "Damage to Front". No good. Could be substantial. They don't know it's only a slightly bent license plate. And the mind of a potential buyer always imagines the worst possible scenario. The good news is that the police report documents the other driver making a statement of "no dam...
by Simon
Sun Nov 15, 2020 7:09 pm
Forum: Main Forum
Topic: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied
Replies: 20
Views: 2607

Re: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied

Eamonn wrote: Sat Nov 14, 2020 12:21 am I sent the carfax and police report in a PM.
Hmm, don't see it in my PM.
by Simon
Sat Nov 14, 2020 5:48 pm
Forum: Main Forum
Topic: USPS or another federal agency driver hit my car. What should I do?
Replies: 0
Views: 406

USPS or another federal agency driver hit my car. What should I do?

First of all, that really sucks. Not that being in an accident doesn't suck, being in an accident with the federal government really sucks. In addition to the slow pace of government bureaucracy, federal agencies are self-insured and operate under a special law known as "The Federal Tort Claims Act"...
by Simon
Fri Nov 13, 2020 2:53 pm
Forum: Main Forum
Topic: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied
Replies: 20
Views: 2607

Re: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied

OK, thank you, I watched the video. It seems like only the license plates of the vehicles made contact. This is a very interesting case. First of all, it's great that you have the video and the police report. The video is especially great evidence and proof that you're not making all of this up. And...
by Simon
Thu Nov 12, 2020 6:40 pm
Forum: Main Forum
Topic: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied
Replies: 20
Views: 2607

Re: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied

Yes, the footage would be helpful. See, if I'm asking these questions, you can bet the insurance company is or will be asking them. Accidents without damage are extremely rare. Do you have photos of the license plate and did you have to get a new one?
by Simon
Thu Nov 12, 2020 4:24 am
Forum: Main Forum
Topic: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied
Replies: 20
Views: 2607

Re: New York - 2020 Tesla Model Y - No Damage - Inherent Diminished Value claim Denied

How could there be an accident with no damage? Was there a collision? How do you know there was an accident?