DIMINISHED VALUE – FACT OR FICTION?

a dirty carfax means your car is worth less

FICTION: Properly repaired vehicles do not necessarily lose value.

FACT: All cars that were wrecked and then repaired are worth less than similar cars that were never in accidents.

 

agents and brokers do not tell you about diminished value

FICTION: Your agent or broker will make you aware of your right to be compensated by the responsible party’s insurance company.

FACT: Your insurance agent or broker knows that your car was damaged by an at-fault party and that you are entitled to compensation for it’s lost value but will not tell you.

 

your car is not too old to qualify for diminished value

FICTION: Older cars do not qualify for diminished value compensation. Cars with previous accidents do not qualify for diminished value compensation. Cars with more than 100,000 miles do not qualify for diminished value compensation. Cars with minor damage do not qualify for diminished value compensation.

FACT: All cars may be considered for diminished value compensation.

insurance companies spread misinformation

FICTION: Diminished value is an intangible loss that is not covered by an insurance policy.

FACT: Diminished value must be paid to compensate the injured party according to the terms of the responsible driver’s policy. Diminished value is technically considered property damage.

collision shops that do not share information about diminished value

FICTION: Your collision shop knows if you are eligible for diminished value compensation and will offer expert advice and recommend a competent auto appraiser.

FACT: Many collision shops do not wish to become involved in anything beyond repairing your car and getting paid for it. While many caring body shop owners do offer assistance, they are in the minority.

you don't need a lawyer for a diminished value case

FICTION: You will need an attorney to handle your diminished value case.

FACT: Most litigation involving a car’s diminished value is carried out by the car owner, armed with valid evidence proving the loss. Most attorneys will not bother with diminished value cases unless there is significant personal injury involved as well.

proving diminished value requires valid, easily understood evidence

FICTION: Most independent auto appraisers will provide the proof you need to win your diminished value case.

FACT: Almost every appraiser uses a short-cut methodology such as a formula or algorithm that magistrates can not translate into viable evidence. There is only one independent auto appraisal firm that conducts real-world research that will help you to prevail in court – AUTODIMINISHEDVALUE.COM  We support our diminished value opinions by querying six new car dealers to support our conclusions. Our diminished value appraisals are fair and easy to understand – a formula for success.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

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Please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com

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TOTAL LOSS DISPUTE

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