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DIMINISHED
| Favorite team: | |
| Location: | Fort Pierce, FL |
| Biography: | St. Lucie Appraisal Co. |
| Interests: | |
| Occupation: | Appraiser |
| Number of Posts: | 6 |
| Registered on: | 2/12/2014 |
| Online Status: | Not Online |
Recent Posts
Message
re: Anyone made a diminished value claim on a vehicle?
Posted by DIMINISHED on 10/7/15 at 7:21 pm
You wrote: When dealing with a 3rd party's insurance company, there is no contract defining the telationship. In that case, state law "defines" what is allowed.
There is no state law in any state that deals with third-party diminished value, only first-party diminished value.
Third-party dimin...
1
re: Anyone made a diminished value claim on a vehicle?
Posted by DIMINISHED on 10/7/15 at 8:53 am
Diminished value seems to be as misunderstood now as it was a few years back when nobody even knew what it was. A few comments to set everyone straight.
A letter from your dealership (if you can get them to write one) is free but insurance companies tend not to recognize them, referring to them a...
re: Diminished Value Claim
Posted by DIMINISHED on 10/27/14 at 9:43 am
Since this isn't an automobile forum, I'm not surprised at all of the misleading replies.
1) You can not claim diminished value through your own insurance company.
2) Presenting a letter from a body shop or dealer doesn't work. First, it tells Allstate that you are too cheap to hire an apprai...
re: Diminished value claim to new vehicle after being rear-ended
Posted by DIMINISHED on 8/30/14 at 10:00 am
A note from your dealer saying how much value your vehicle has lost because of the bad Carfax won't work because the insurance adjuster will say that the dealer gave you a high figure sso he could buy the car cheap. Get a diminished value appraisal from a legit company. As to the amount of diminishe...
re: Diminished Value
Posted by DIMINISHED on 6/5/14 at 12:30 pm
Answers and some thought about the previous messages.
First, State Farm is being nice to you about the repair, a car rental, etc. because they have to accept responsibility by law. Diminished value is another matter altogether. Expect State Farm to start playing hardball. Diminished Value is a re...
re: Diminished value payment
Posted by DIMINISHED on 4/10/14 at 8:40 am
Unless there have been changes I'm unaware of, you have one year from the date of accident to file a diminished value claim. Your best bet is to have a licensed independent appraiser prepare a diminished value report for you. YOU choose which appraiser you want to hire, not the insurance company....
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