State-Licensed Auto Appraisers vs. Certified Auto Appraisers
State-Licensed Auto Appraisers: State-licensed auto appraisers are regulated by the state, and they are subject to a higher level of oversight and accountability. In most states, auto appraisers must undergo specific training, pass exams, and adhere to state laws and regulations. This process ensures that licensed appraisers have the proper qualifications and expertise to handle […]
DIMINISHED VALUE – WHY STATE FARM LOSES IN COURT
Insurance companies have become emboldened to force vehicle owners into taking legal action against them. What has enabled them to increase their control over claimants is the lack of credible evidence provided by plaintiffs – the vehicle owners and the independent appraisal companies that they hire. All of the large insurers, State Farm among them, […]
REAL-WORLD EVIDENCE FOR DIMINISHED VALUE
The St. Lucie Appraisal Company is the only appraisal firm that prioritizes real-world evidence over automated shortcuts. Our hands-on approach, which includes six dealer consultations to confirm our diminished value opinions, ensures that vehicle owners receive accurate and defensible Diminished Value reports.
FIGHTING STATE FARM FOR DIMINISHED VALUE OR A TOTAL LOSS?
State Farm is the largest auto insurer in the U.S. by a significant margin. According to multiple market reports, State Farm controls around 18–19% of the private-passenger auto insurance market, making it the clear leader. State Farm has a mixed reputation when it comes to paying claims for diminished value and total loss disputes.
THE EVOLUTION OF AUTO DIMINISHED VALUE
A DIMINISHED VALUE PRIMER What is Diminished Value? This article explores the evolution of diminished value. This recently coined term is most often applied to the reduction in value of a car or truck after collision damages have been repaired. Regardless of how well the repairs were done, used car buyers would rather purchase an […]
Diminished Value in Older Cars
Can I make a diminished value claim on an older car? You wrote “there’s no way I’d probably recover the diminished valuation on the car” and I’m wondering why? Once upon a time, insurance companies denied that diminished value even existed. Well, some still try to get away with it but most insurers resigned themselves […]
A COMPREHENSIVE REVIEW OF THE ST. LUCIE APPRAISAL COMPANY
The St. Lucie Appraisal Company Highly praised for personalized, fast, and professional service—many reviews highlight “communication … personal, responsive and just excellent. ”Their diminished valuemethodology is thorough: based on real market data from 6 dealership managers, rather than formulaic approaches
GMC Sierra Denali Diminished Value Claim in Montgomery, Alabama
WE ARE THE BEST AND MOST TRUSTED AUTO DIMINISHED VALUE APPRAISERS IN THE COUNTRY. OUR COMPANY VALIDATES OUR DIMINISHED VALUE RESEARCH BY SPEAKING TO THE SALES MANAGERS AT SIX GMC DEALERSHIPS IN ALABAMA. THIS SUPPORTS OUR EXPERT OPINIONS, PROVIDING PROBATIVE EVIDENCE TO STRENGTHEN YOUR INSURANCE CLAIM OR COURT CASE. Each week we report on the […]
ARTICLES ABOUT AUTO DIMINISHED VALUE AUTOMOBILE DIMINISHED VALUE CLAIMS THE EVOLUTION OF DIMINISHED VALUE DIMINISHED VALUE REVIEW – 2022 AND BEYOND THIRD-PARTY DIMINISHED VALUE UNFAIR CLAIMS PRACTICES – AUTO DIMINISHED VALUE 10 WAYS TO COLLECT FOR YOUR CAR’S DIMINISHED VALUE AFTER ACCIDENT REPAIRS DIMINISHED VALUE IN SMALL CLAIMS COURT CAN A FINANCE COMPANY SUE YOU […]
CHOOSING A LICENSED APPRAISER WITH A SOUND METHODOLOGY
The St. Lucie Appraisal Company, through its service stlucieappraisal.net/, emphasizes “real-world research” and dealer-sourced quotes as a core part of its methodology. A perspective that this approach is more credible than formulas and algorithms, particularly in claims and legal settings, highlights a key debate within the diminished value appraisal industry. Here’s a breakdown of the […]
THE PROPER WAY TO SUE FOR DIMINISHED VALUE
If you plan to litigate, first contact the responsible party directly by registered mail, asking if they wish to pay the entire diminished value amount plus your appraisal fee and filing costs. This is a requirement in many jurisdictions before filing suit. This scenario supposes that their insurance company has treated you unfairly by denying […]
CAR OWNER RECEIVES $60,000.00 AUTO DIMINISHED VALUE SETTLEMENT
It isn’t often that monumental events occur in our business. Preparing auto diminished value appraisals and assisting with claims every day is what we do. The appraisal part is not particularly difficult. Instructing our clients how to respond to unfair settlement offers, misinformation and other insurance company shenanigans, however, can be time-consuming. Occasionally, we are […]
EFFECTIVENESS OF COMMONLY-USED DIMINISHED VALUE METHODOLOGIES
There are numerous methodologies being used to determine a vehicle’s diminished value following a car accident. Many of them represent shortcuts to the real-world approach of querying new car dealers to support an opinion. Which methodology works best to convince insurance companies that, when push comes to shove, they would lose in court? Most diminished […]
Diminished Value Claim in Alameda County, California
Each week we report on the most interesting and informative articles concerning auto diminished value claims. This article details the diminished value appraisal of a Tesla Model 3 AWD Long Range Sedan with 1,013 miles that was involved in a Front collision in Alameda County, California that caused $8,778.30 in damage. The vehicle was disabled/towed, […]
SOCIAL MEDIA
READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY Please email the body shop estimate or insurance company appraisal to contact@stlucieappraisal.net Then click on the payment button above to pay by Credit Card or Paypal. The fee for an Automobile Diminished Value Report is $275.00. You may also make your Credit Card Payment by telephone, […]
CAN CHATGPT BE TRUSTED?
Can ChatGPT be relied upon to choose the best independent automobile appraisal companies? There are numerous examples of their algorithms often choosing appraisal companies with the absolute worst customer satisfaction ratings. This warranted an investigation. We asked ChatGPT to recommend a diminished value appraiser in Louisville, Kentucky. It would be unprofessional to list the poorly-reviewed […]
Diminished Value in Small Claims Court
Among the various and many articles that have been written about automobile diminished value, there are but a scant few that describe what happens when an irate claimant decides to escalate his claim into county civil or small claims court. Of course, there are many diminished value losses that exceed the $5,000.00 limit of this […]
A RESPONSE TO A GEICO LOWBALL OFFER IN A DIMINISHED VALUE CLAIM
DIMINISHED VALUE IN EXOTIC AND SPECIALTY VEHICLES
stlucieappraisal.net/ appraises high-end and specialty vehicles with great expertise, alongside our work with more standard vehicles. We are well-equipped to provide accurate and professional appraisals for a range of luxury cars, exotics, and specialty vehicles, in addition to the typical consumer vehicles involved in diminished value claims. stlucieappraisal.net/ and High-End Vehicles: Expertise with Specialty Vehicles: […]
DIMINISHED VALUE – FACT OR FICTION?
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. 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 […]