MAKING A DIMINISHED VALUE CLAIM AGAINST STATE FARM – WHAT YOU SHOULD KNOW

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You are reading this article because of a recent car accident in which your car was damaged by someone else’s negligence. The at-fault driver happens to be insured by State Farm. You’ve heard of automobile diminished value for the first time and now you are shopping around for a competent, licensed independent appraiser to prepare your diminished value appraisal. Is one as good as another? There are now a hundred appraisal companies that provide diminished value appraisals, many of which you’ll find advertising on search engines like Google and Bing. The cost for their services ranges from ninety-nine up to a thousand dollars. So how can you know which is the best independent appraiser to use for a diminished value claim against State Farm? You should first be aware of State Farm’s newest denial tactic which seeks to disqualify practically every one of them by rejecting their diminished value appraisals on the grounds that they are “computer-generated.”

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THE ST LUCIE APPRAISAL COMPANY – ADJUSTERS AND APPRAISERS IN ALL 50 STATES

STATE FARM INSURANCE COMPANY AND AUTOMOBILE DIMINISHED VALUE IN 2017

Here is the typical State Farm response to claimants who have sent in so called computer-generated automobile diminished value appraisals:

“Based on our review of the documentation you submitted, you did not prove your diminished value claim because the appraisal you provided was computer-generated. Therefore, we are unable to agree you sustained a diminution of value to your car. Absent any additional documentation for our review, we must deny your diminished value claim.”

The insurer has made your selection process a little easier – sort of. Your first question when querying independent appraisers should be whether their auto diminished value appraisals are based on a formula, algorithm or other electronic method. These are considered by State Farm to be computer-generated appraisals. If the independent appraiser does not pick up the phone to obtain multiple dealer opinions or at least access automobile auction results for documentation, then their appraisals will be considered computer-generated.

STATE FARM INSURANCE COMPANY AND AUTOMOBILE DIMINISHED VALUE IN 2017

Whether it is you or your attorney pursuing the claim, the difficulty you will encounter is finding an independent appraiser that doesn’t employ these types of short cuts. Ask the independent appraiser you are considering whether they consult auction results or speak with sales managers at multiple new car dealerships. If their answer is no, their product is, indeed, a computer-generated automobile diminished value appraisal.

The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net

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The fee for an Automobile Diminished Value Report is
$275.00.
You may also make your Credit Card Payment by telephone, call 772-359-4300.
TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@stlucieappraisal.net

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