Comments for Dimished Value Secrets

Comment on Diminished value inquiry? by mccoyblues

mccoyblues — Tue, 21 Feb 2012 00:44:59 +0000

Allstate will be the one to pay out the diminished value claim. I don’t think you can get an estimate from anyone else that they will pay any attention to. Everyone uses the same formula anyway,

Don’t expect much. These claims never pay out what you believe you deserve and they aren’t anywhere close to the reality of what you’ll lose when it comes time to sell the car.

My only experience with a DV claim was very disappointing. I had an older Volvo that got hit hard in the rear end. There was about $2700 damage and I think my DV check was less that $150. You car is brand new, hopefully your experience will be better than mine but don’t be surprised if it isn’t.
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Comment on Missouri Auto Claim Diminished Value? by mjohnson

mjohnson — Tue, 17 Jan 2012 05:52:59 +0000

Best advice is to get a local reputable and licensed adjuster/appraiser in your state to do a Diminished Value Report. The insurance company will challenge the report anyway and you may get around $2,500 from the insurance at best.

Take it!

If they play games take them to small claims court for the full value + court costs.
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Comment on Missouri Auto Claim Diminished Value? by ken k

ken k — Tue, 17 Jan 2012 05:46:59 +0000

get the car appraised in writing/do the math/contact the insurance company
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Comment on Diminished Value claim in Florida for a leased vehicle? by Rob Peters

Rob Peters — Tue, 03 Jan 2012 10:57:59 +0000

Unfortunately even though you'd like to make some money out of it you are not entitled to any money for diminished value. S progress he said you do not own the car you are leasing it. At the end of the lease you return it.
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Comment on Diminished Value claim in Florida for a leased vehicle? by ThReShEr

ThReShEr — Tue, 03 Jan 2012 10:35:59 +0000

As they told you. You do not own the car. You are only borrowing it (lease). Once the lease is up you need to return the car. So you get nothing.
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Comment on Has anyone ever been compensated for a diminished value claim? by Entidtil

Entidtil — Sun, 18 Dec 2011 09:45:59 +0000

Yes there is such a claim and it is possible to get a "diminished value" award. You need to present written proof to the liable insurance company from a legitimate knowledgeable source that testifies that you car is now worth less than it was before the collision damage. The insurance company will do their own investigation and You will almost certainly have to haggle with them to get anything. They, by law, must make you whole which means that you must come out afterward as good as you were before the collision.

Good luck….don’t let then run over you.
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Comment on what’s diminished value of home with residential sprinkler flooding damage? by Calvin C

Calvin C — Mon, 21 Nov 2011 09:11:59 +0000

there will always be diminished value if a house was truly flooded. Water has a nasty way of creeping in a property and damage can show up years later in warped rotting boards electrical issues mold etc. In many states insurers will not cover the property or at greatly increased rates so that is your first step. Personally I would never buy and always get a claims history on a property before I buy best $50 I ever spent.
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Comment on what’s diminished value of home with residential sprinkler flooding damage? by mbrcatz

mbrcatz — Mon, 21 Nov 2011 08:36:59 +0000

None.

Dimunition of value doesn’t happen with houses like it does with cars. If it’s fully, completely repaired, then the damage doesn’t affect the resale.

The DIFFERENCE is, the landscape and water flows – once the house has flooded once, it’s MUCH MUCH more likely to flood a second time, and the other one is less likely, since it didn’t flood the first time. The land elevations have shown that water is MORE LIKELY to run through the first house, therefore, THAT makes the value less. Not the fact that it was once damaged.
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Comment on what’s diminished value of home with residential sprinkler flooding damage? by MSAD

MSAD — Mon, 21 Nov 2011 08:29:59 +0000

If it ’s been properly repaired – there is no diminished value.

If it has not been properly repaired – then the loss would be the cost to properly repair the issue. Once the issue is fixed there is no loss in value.

Houses are not the same as cars.
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Comment on how do i calculate the diminished value of my car after an accident? by John P

John P — Mon, 14 Nov 2011 09:39:59 +0000

It is not how you do the calculations, it is how the insurance company does it. You have no choice.
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