Real World Research for Diminished Value Claims
When courts, insurers, and professional appraisers debate how to measure auto diminished value (DV), the core question is: Which method best reflects what buyers will actually pay in the real market after a vehicle has an accident history? The main methodologies fall into five categories. Understanding their strengths and weaknesses makes it clearer why real-world […]
New York Automobile Diminished Value Case Law Review
AI Overview Learn more…Opens in new tab The term “Auto Diminished Value” means that cars which were damaged and subsequently repaired lose market value as a result of having a repair history, sometimes known as a “Bad CARFAX.” In most states, this lost amount is recoverable from insurance companies of at-fault parties. The amount of […]
ARTICLE: HOW AND WHEN TO APPLY FOR A DIMINISHED VALUE CLAIM
We recently had the pleasure of weighing in on a topic of great importance to anyone who owns a late-model car – the loss in value of your vehicle after accident repairs have been completed. It is known as auto diminished value and is the insurance industry’s most closely-guarded secret. Chicago Tribune Reporter Cathy Cunningham […]
Client Reviews of The St. Lucie Appraisal Company Thank You for your Business
When a client writes a good review of the service we provided, that positive feedback adds more to our reputation than any advertising ever could. The St. Lucie Appraisal Company handles automobile, truck and personal property appraisals in all 50 states. Some of the types of reports we provide are antique and custom car valuations, […]