Imagine being in a car accident that wasn’t your fault. You’re shaken up but relieved that you’re not hurt. Then, you find out that your car is totaled. Not only that, but your car’s diminished value means it’s worth less than before the accident. Even after repairs, your vehicle will be worth way less in the eyes of potential buyers. But what if you could reclaim more than the cost of repairs?
That’s where DVGOAT comes in. We are expert diminished value appraisal experts with over 25 years of experience. We can help you determine the reduced value your vehicle has suffered and file a claim with the at-fault driver’s insurance company so that you get proper compensation for the damages.
Our money-back guarantee ensures that your recovery will at least match the cost of your report. If your recovery is less than what you paid for the report, we’ll refund 100% of the appraisal fee. Trust that our team is the indicated one to get compensation worth more than the repair damages costs.
Is Idaho a Diminished Value State?
Yes, Idaho is a Diminished Value State. This means that if you’ve been in an auto accident in Idaho, you may be entitled to the reduced value of your vehicle. This compensation is in addition to the repair costs, recognizing the inherent loss of value a car may suffer after being involved in a collision, even after repairs. However, there is no underinsured or uninsured motorist coverage.
Is Idaho a No-Fault State?
No, Idaho is not a no-fault state. This means that the person at fault for a car accident in Idaho is responsible for paying for other people’s injuries and property damage. In the context of diminished value claims, you must not be the at-fault party to be eligible for such claims. If someone else was responsible for the accident, you can claim diminished value to recover your vehicle’s lost value.
What are the Requirements for Diminished Value in Idaho?
Unlike other states, there are no strict requirements to be eligible for an Idaho diminished value claim. However, you should:
Not be the at-fault party.
Have your vehicle insured
File your claim within the statute of limitations (3 years)
Apart from that, there are no other regulations.
How Long to File a Diminished Value Claim in Idaho?
In Idaho, the statute of limitations on torts is three years. Within three years of an accident, the not-at-fault party has the right to file for a diminished value claim to receive the loss in fair market value from the adverse insurance company.
How Do I File a Diminished Value Claim in Idaho?
Document the Evidence
Start by gathering all the necessary information and documentation that will serve as evidence on your behalf. These include:
Police report
Photographs of the damages
Detailed repair estimates and final bills
File a demand letter with the at-fault driver’s insurance company
Submit a formal claim letter detailing your demand for the diminished value compensation to the at-fault driver’s insurance company. Ensure you attach all the evidence you have gathered to support your request.
Get a Professional Appraisal
Hire a professional vehicle appraiser to determine the reduced value of your vehicle after the repairs. This appraisal will quantify how much your car’s market value has decreased due to the accident and act as solid evidence for your claim.
Negotiate with the Insurance Company
Insurance companies might offer a lower amount initially. Be prepared to negotiate. Use the evidence and professional appraisal to support your claim’s validity. An appraiser can help you reach a reasonable resolution.
Settlement Agreement
Lastly, ensure the terms are outlined in a written agreement once an agreement is reached. Double-check before signing. After that, a deadline will be given to you to receive your payout.
Why Choose DVGOAT?
DVGOAT is a team of experienced appraisers who have helped thousands of vehicle owners get successful compensation. We are confident that we can help you.
Here are just a few reasons why you should choose DVGOAT:
We have over 25 years of experience as an expert appraiser. We know the ins and outs of the process and can help you get the compensation you deserve.
We are a licensed provider of auto appraisals accepted nationwide by insurance companies.
We have a track record of customer satisfaction. We are committed to providing our clients with excellent service and helping them get the best possible outcome.
We offer a risk-free experience with a money-back guarantee. We will refund your appraisal fee if you are unsatisfied with our services.
We will ensure you recover more than the cost of the appraisal report fee. We will work hard to get you the maximum amount of compensation possible.
Satisfied Clients
Need Experts in Diminished Value in Idaho?
Don’t let the overwhelming feeling of having your damaged vehicle prevent you from getting fair compensation for the damages. Rely on DVGOAT when seeking successful auto appraisals. You can access our in-depth local market knowledge and expertise with specific laws by selecting us. Contact us today and get a free estimate!
