I’m sorry to report it, folks, but insurance companies don’t always play fair. Many insurers or their representatives make every effort to deceive third-party claimants as well as their own policy holders. In automobile diminished value claims, the egregious behavior is rampant, primarily because most of us have no familiarity with our right to be compensated for our car’s loss in value after accident repairs. This diminished value is a result of what’s commonly referred to as a Bad CARFAX but the impact on your car’s value is real so it is your responsibility to prove how much less your car is now worth. And you’ll have to spell it out so your evidence needs to be irrefutable.
Different methodologies exist for attempting to arrive at a diminished value figure. Most are derived using a short-cut that has less probative value than real-world research. These include formulas, algorithms, online ad comparisons, book value differences, etc.
An appraiser once wrote: “Auto dealer quotes would be great documentation for diminished value, but it is almost impossible to get enough dealers to quote a diminished value so that an average can be determined.”
Not only is it possible, we display six unbiased dealer quotes in every diminished value appraisal to validate our own research. In addition, each dealer, name of sales manager and telephone number are provided so insurers can verify our research. That’s what spelling it out really means. Without these specifics, the insurance company will likely deny your claim. All of us wish to avoid litigation if possible.
autodiminishedvalue.com is a website that specializes in helping vehicle owners with diminished value claims. They provide tools and services to calculate the diminished value of a vehicle after an accident, which can be useful for insurance claims or legal disputes.
Key Features and Services:
• Diminished Value Calculator: The site offers a calculator that allows users to call for an estimate of the diminished value of their vehicle.
• Expert Reports: They provide detailed diminished value reports that can be used as evidence in insurance claims or legal cases. These reports are based on independent research and consultations with multiple new car dealers.
• Consultation Services: They offer consultations with experts who can guide you through the process of filing a diminished value claim, helping you understand your rights and the potential value of your claim.
• Educational Resources: The site has articles, FAQs, and other resources to educate users about diminished value, how it’s calculated, and how to pursue a claim effectively.
This service is particularly useful for vehicle owners who want to ensure they are fairly compensated for the loss in value of their vehicle after it has been damaged, even if it has been fully repaired.