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Recover the True Value of Your Vehicle.
Case studies, expert insights, and essential tips to help you navigate diminished value and total loss settlements.
An owner of a 2019 Jeep Wrangler Unlimited had his vehicle damaged by an at fault; insured driver. The insurance company paid $9752.33 for the collision restoration, but when the Jeep’s owner inquired about diminished value the adjuster stated “your
NORTH CAROLINA, SOUTH CAROLINA,MARYLAND, TEXAS, NEW YORK, WISCONSIN, ILLINOIS, NEVADA are just a few of the states you can challenge anything about your auto claim. Repair cost, repair procedures, parts, repair vs replace, PDR vs conventional, storage fees, admin fees,
All vehicles manufactured in the last five years have specific mechanical and body repair procedures. In fact, many, like BMW, Lexus, Mercedes and TESLA require that their vehicles be repaired in a certified repair facility staffed by highly trained technicians.
In all fifty states the appraisal clause is either required or is an option for the insured and the responsible insurance company to resolve differences. This is particularly appropriate with Diminished Value and Total Loss Settlements. If the insurance company
The owner of a 2020 Toyota Tacoma was hit by an at-fault; uninsured hit and run motorist causing just north of $7800 in damage. Fortunately the hit and run motorist was apprehended. The damaged vehicle was properly restored to pre-accident
A customer with a 2020 Toyota 4Runner with 10,234 miles on the clock was hit by an at fault insured driver. The at fault insurance company covered $12,679.63 in collision damage restoration costs as required. When the vehicle owner inquired
If you have suffered a total loss or your vehicle was damaged by an at fault driver there are three prudent steps to take before accepting a settlement offer from the responsible insurance company: Locate a licensed Diminishment of Value
The owner of a 2019 Tesla Model 3 was hit by an uninsured drunk driver. At the time of the incident, 12/28/19, the vehicle was a current model year with 6066 miles on the clock. The insurance company paid for
What is a Diminished Value Claim? Virginia Code §46.2-1600 defines “diminished value compensation” as the amount of compensation that an insurance company pays to a third-party vehicle owner, in addition to the cost of repairs, for the reduced value of
A client totaled his 2018 Subaru Forester with 21k miles on the clock. His insurance company stated that the actual cash value was $19,760 according to the CCC Report that they used. Unfortunately, the client owed just north of $23,000
