Diminished Value??

[A Reader]

I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?

[David]

Post by A Reader
I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say
you can. I know most people will not buy a car with a bad Carfax unless
it's offered at a big discount. Anyone else know about this stuff?
--
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The only way to have a friend is to be one.
Ralph Waldo Emerson

I had a wreck (single car, my fault) in a 1995 SC400 which caused $8000 in
damage. After having it repaired I took it to a DV expert who found several
problems with the repair. After much haggling with the insurance company, I
got a diminished value settlement for $1200. The body shop also "repaired"
their repairs. The DV expert says I should have gotten $4000 (this was
before I settled). However, he wanted me to go to court and not deal with
the insurance company at all. I would have had to pay him $1000 for his
expert testimony and at least a couple of thousand for a lawyer and court
costs. As it turned out, I probably did just as good hassling with the
insurance company myself without taking a chance on losing in court and
being out the money. It was a major hassle dealing with the insurance
company though. In the beginning they would not admit that there was even
such a thing as diminished value. I spent about three months negotiating
with the insurance company.

Good luck!!

David