Search found 28 matches

by Simon
Wed Nov 11, 2020 6:07 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'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?
by Simon
Thu Nov 05, 2020 8:59 pm
Forum: Main Forum
Topic: DV in WI
Replies: 3
Views: 636

Re: DV in WI

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...
by Simon
Mon Nov 02, 2020 7:59 pm
Forum: Main Forum
Topic: How to avoid predatory subrogation after a car accident?
Replies: 0
Views: 600

How to avoid predatory subrogation after a car accident?

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 ...
by Simon
Mon Nov 02, 2020 7:25 pm
Forum: Main Forum
Topic: How to choose a reputable diminished value appraiser?
Replies: 0
Views: 690

How to choose a reputable diminished value appraiser?

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...
by Simon
Thu Oct 22, 2020 2:04 pm
Forum: Main Forum
Topic: DV in WI
Replies: 3
Views: 636

Re: DV in WI

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...
by Simon
Sat Oct 03, 2020 8:25 pm
Forum: Main Forum
Topic: How does a diminished value claim work for a car accident?
Replies: 1
Views: 737

Re: How does a diminished value claim work for a car accident?

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...
by Simon
Tue Sep 29, 2020 1:29 pm
Forum: Main Forum
Topic: Welcome to diminishedvalue.info - your free resource for diminished value information and advice!
Replies: 0
Views: 586

Welcome to diminishedvalue.info - your free resource for diminished value information and advice!

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...
by Simon
Tue Sep 29, 2020 12:04 pm
Forum: Main Forum
Topic: Frequently Asked Questions about Diminished Value
Replies: 0
Views: 924

Frequently Asked Questions about Diminished Value

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...