Tag: inherent

Determining the Amount of DV

August 24, 2025August 24, 2025 by stlucieappraisal

St. Lucie Automobile and Diminished Value Appraiser

There are three types of diminished value claims: inherent, repair-related, and insurance-related. The general consensus among insurance companies, vehicle owners, car dealers and automobile appraisers considers inherent diminished value to be value lost due to stigma, repair-related diminished value to be value lost due to repairs not returning a vehicle to pre-accident condition, and insurance diminished value to be value lost due to the use of lesser parts. The most significant issues relate to the evidentiary standard required for proving a claim in inherent diminished value and to quantifying that loss in value. How does an appraiser go about determining the amount of auto diminished value?

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

In order for you to prove inherent diminished value it would be insufficient to express an opinion that the vehicle is worth less by employing a formula, algorithm or simply the uncorroborated opinion of an appraiser who considers himself an expert. Without reliable evidence, an individual appraiser’s experience is insufficient to prove inherent diminished value on a balance of probabilities. The burden remains with the car owner to quantify their claim of inherent diminished value with actual evidence.

DETERMINING THE AMOUNT OF DIMINISHED VALUE

The St. Lucie Appraisal Company generates diminished value appraisals crafted from the unbiased opinions of numerous authorities on the buying, selling and auctioning of cars – the sales managers at new car dealerships. In fact, we are the only independent appraisal company in the United States that can reference literally thousands of such opinions. Proving the existence and amount of automobile diminished value is critical both in claim negotiations and legal proceedings should matters escalate to that stage. Insurance adjusters and their supervisors are not impressed by formula-based appraisals and give them scant respect when negotiating settlements. If a car owner seeking compensation for diminished value doesn’t submit an appraisal that convinces insurers that they would lose in court, you are likely to lose a great deal in terms of not only time and money but also emotional duress. Nobody likes being treated unfairly.

A pro-active approach works best. Obtain a credible automobile diminished value appraisal from an appraiser who holds a state-issued license. An automobile adjuster and appraiser license from any state is a nationally accepted credential. Make certain that the appraiser is agreeable to discussing his appraisal with insurance representatives. Document everything by insisting that all correspondences with the insurer be in writing. Escalate the claim up the chain of command. Supervisors have the authority to increase settlement offers and will likely consult with their legal team about the chances of a successful defense. If their lawyers tell them that the evidence is compelling, your chance of obtaining equitable treatment increases considerably. If you are still faced with arbitrary and capricious responses, make an unfair claim practices complaint to your state insurance department. Finally, should all else fail, you may have to sue them.

It is our goal to eliminate as much hassle as possible from your automobile diminished value claim experience by preparing appraisals that are fair and which accurately reflect the reality of the used car market. It is undeniable that your car has lost value after being wrecked and repaired. Determining just how much is our job and we do it better than anyone else.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

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, call 772-359-4300.

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

Service throughout Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi , Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.
AUTODIMINISHEDVALUE.COM, AUTOLOSSOFUSE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.

Honda CR-V EX-L Diminished Value Claim in Indianapolis, Indiana

August 21, 2025August 21, 2025 by stlucieappraisal

Each week we report on the most interesting and informative articles concerning auto diminished value claims. Regarding our diminished value appraisal of a Honda CR-V EX-L Navigation AWD SUV with 14,685 miles that was involved in a front and rear-end collision that caused $11,886.72 in damage.

Diminished Value Inspection

November 12, 2023October 29, 2023 by stlucieappraisal

St. Lucie Appraisal, automobile, personal property, diminished value, appraiser

You want to hire The St. Lucie Appraisal Company to prepare a diminished value appraisal for your repaired vehicle. The reason? Because it’s widely known that our company is one of a handful of independent appraisers in the country that takes the time and trouble to obtain six unbiased, verifiable dealer quotes to prove the amount of value your car has lost. The bad Carfax or other vehicle history report shows that your automobile or truck has been repaired. It may even show that it sustained frame damage or had the air bags deploy. This is known as “Inherent Diminished Value,” a stigma loss for which you will receive compensation. Being that your vehicle has been properly repaired, there is no reason for the diminished value appraiser to make a physical inspection. After all, you aren’t claiming a loss in value for any repair-related issue. A bad Carfax = Diminished Value, it’s as simple as that. So why has the insurance company insisted on your arranging for a diminished value inspection?

Our company has prepared hundreds of automobile diminished value appraisals in all 50 states. As noted in the above paragraph, The St. Lucie Appraisal Company is the only independent appraisal firm willing to call dealers until we obtain six opinions of how much less your car is worth. It’s hard work but worth it because our reports can’t be questioned; they have been proven in court to be evidence of diminished value. Other methods such as the use of formulas, algorithms and auction results, are not definitive confirmation.

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

It is unusual for an insurance company to require a physical inspection in an inherent diminished value claim. State Farm Insurance Company is, or was, requiring claimants in California making inherent diminished value claims to have their repaired cars inspected by appraisers. Why? Three reasons come to mind. First, by compelling car owners to use local appraisers, they prevent claimants from obtaining expert appraisals that come from companies like St. Lucie Appraisal. If local independent appraisers use faulty methods that don’t conclusively prove diminished value, State Farm is seemingly off the hook. Second, claimants who live in rural areas may not find any local independent appraisal companies that handle diminished value. Having to drive hundreds of miles for an appraisal acts as an effective deterrent. Third, independent appraisers that perform physical inspections for diminished value appraisals charge prohibitive fees.

If a vehicle owner is caught in a situation like this, keep in mind that the insurance company has put itself in a bad position, one in which claimants can take full advantage. By denying a claimant the right to hire St. Lucie Appraisal or other expert independent appraiser, the insurer has put itself in a box. If they refuse to pay the claim for lack of evidence of diminished value due to poor methodology, the car owner can and should appeal their decision. In legal terms it is known as “ineffective counsel” but in this case the claimant was constrained from obtaining the best representation available.

We are proud of the job we do and hope to gain your business. However, if you find yourself caught in this position, inform the insurance company that you prefer to hire St. Lucie Appraisal, then proceed according to the guidelines they have dictated. At least you now know that you are on solid ground when it comes time to appeal an unfair decision by the insurance company.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

After making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.

Service throughout Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.

AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.
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Porsche Macan Diminished Value Claim in Redmond, Washington

November 12, 2023October 22, 2023 by stlucieappraisal

Each week we report on the most interesting and informative articles concerning auto diminished value claims. Regarding our diminished value appraisal of a Porsche Macan with 17,289 miles that was involved in a Front End Collision that caused $16,759.37 in damage. The car was disabled/towed and had no structural damage or air bag deployment.The claimant made a third-party inherent auto diminished value claim for the vehicle’s loss in value. Once a car is repaired after a collision, it is worth less, often much less depending on the severity of the damage. Regardless of how well the repairer did his job, nobody will pay as much for a previously wrecked car as they would for an identical one that was never in an accident. Presenting a diminished value claim and following it through to a satisfactory conclusion is a daunting task for the average person. Obtaining a comprehensive Diminished Value Report is key.

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

We learned from these examples from sales managers at Porsche dealerships in Washington, Oregon and surrounding states- Porsche dealers would have to wholesale the car and would not resell it on the lot. Also, normally buyers when spending this kind of money on a vehicle would like to see a clean Carfax and will expect a “deal” and also at one dealership if the car has 16k worth of damage you are looking at a huge loss of value – at least 25%.

The opinions of unbiased experts form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain six of them which absolutely puts the diminished value figure prepared by The St. Lucie Appraisal Company in the ballpark. This is what the car owner will experience in the real world.

Dealers providing opinions regarding diminished value were given information specific to this vehicle including year, make, model, mileage, color, options, any other pertinent equipment, date of loss as well as the nature of the repaired damages and the manner in which the vehicle was repaired. Dealer opinions are based on personal knowledge and access to auction results. Dealers were advised that this vehicle was properly repaired.

We contacted several Porsche dealers in Washington and surrounding states in order to establish how these repairs and the resultant repair history would impact this vehicle’s Fair Market Value (FMV.) Dealers were provided with an evaluation of the vehicle’s condition both prior and subsequent to repairs.

Description of damage: Disabling collision damages to the Front not including damage to structural components and no air bag deployment. Repair cost $16,759.37. LKQ (used) and/or aftermarket parts were not utilized in the repair/not factored in to the diminished value.

The average of six (6) deductions was 22.92%. This is the percentage of Diminished Value to be taken from the FMV at the time of loss.

We established that the above captioned vehicle had a Fair Market Value (Average Trade-In Value) of approximately $47,500.00 at the time of loss. The Diminished Value was $10,887.00.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

The fee for an Automobile Diminished Value Report is $275.00. Exotic car owners please call for rates.You may also make your Credit Card Payment by telephone, call 772-359-4300.

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

Service in Seattle, Spokane, Tacoma, Vancouver, Bellevue, Kent, Everett, Renton, Yakima, Federal Way, Spokane Valley, Kirkland, Bellingham, Kennewick, Auburn, Pasco, Marysville, Lakewood, Redmond, South Hill, Shoreline, Richland, Sammamish, Burien, Olympia and throughout Washington.

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