Can I use a diminished value calculator to back up my claim?
Can I use a diminished value calculator to back up my claim?
You could but it's a bad idea. The used vehicle market is too dynamic, complex and localized for any cookie cutter arbitrary formula to be accurate in appraising diminished value. Using any arbitrary formula or a calculator is not a valid appraisal methodology. Calculator-derived diminished value amounts get routinely dismissed out of hand by insurance companies because they don't hold up under any scrutiny. I highly recommend getting a certified Diminished Value Appraisal from a USPAP-compliant independent auto appraiser to back up your claim.
Do you need more help? Sick of adjuster lies? Check out these resources!
How to choose a reputable diminished value appraiser?
How does a diminished value claim work for a car accident?
Frequently Asked Questions about Diminished Value
Simon Galperin is a senior auto appraiser at Tiger DV and an expert on diminished value. He consults attorneys, insurance companies and individual car owners on the subject of automotive diminished value.
How to choose a reputable diminished value appraiser?
How does a diminished value claim work for a car accident?
Frequently Asked Questions about Diminished Value
Simon Galperin is a senior auto appraiser at Tiger DV and an expert on diminished value. He consults attorneys, insurance companies and individual car owners on the subject of automotive diminished value.