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Certainly. You are entitled to enlist the services of an impartial and licensed appraiser of your choosing to assist in calculating the extent of your diminished value. It is mandatory for the insurance company to give due consideration to the assessment that is independent of their own.
Our diminished value reports are priced at $350, and upon purchase, you will be provided with the following:
Our report will provide you with all the necessary tools to submit and optimize your diminished value claim. Our clients have expressed their satisfaction by stating that the compensation they received for their diminished value claims far exceeded the cost of our reports.
Present your appraisal and demand letter to the insurance company for assessment.
Our post-purchase assistance includes providing support via phone and email to aid you in submitting your demand and retrieving your diminished value. This support encompasses directing you on how to react to offers made by the insurance company and advising you on the following steps to take if an acceptable settlement is not reached. Furthermore, we will advise you on the appropriate means of communication to employ when negotiating with the insurance company.
Typically, it is not necessary to enlist the services of a lawyer to make a diminished value claim. If you choose to retain an attorney, they may charge up to 30% of your settlement in exchange for their representation. However, having legal representation does not necessarily result in a higher settlement. Moreover, insurance companies deal with lawsuits regularly, so the presence of a lawyer may not intimidate them.
Our certified appraisal reports are prepared professionally, allowing you to present your diminished value claim directly to the insurance company without legal assistance. If the insurance company refuses to pay or makes an unreasonable offer, you can opt to file a lawsuit in small claims court by yourself.
Indeed, in many cases, insurance companies will not consider a diminished value claim until the vehicle has been repaired.
When you’re involved in a car accident, your vehicle’s market value can decrease regardless of whether you choose to repair it. You may have to bear the financial loss when selling the car without making a diminished value claim. However, filing a diminished value claim enables you to receive a settlement for your car’s decreased market value due to its accident history.
Our team provides phone and email support to aid you in presenting your claim and recovering your diminished value. This assistance includes advice on how to respond to offers from insurance companies and recommendations on what to do if you cannot achieve a satisfactory settlement. We can advise you on the best communication channels during negotiations with the insurance company.
Numerous reports available online are generated using pre-written software and have not undergone a thorough line-by-line review by a human appraiser. Some reports simply provide an appraiser’s opinion without any accompanying supporting documents, and this opinion may have been formed using questionable methodologies, including:
Your report detailing the diminished value of your vehicle will be delivered to you within a period of 2 business days.
Once your car repairs are finished, you should submit your diminished value claim to the insurance company. This will ensure that you have a comprehensive record of all the repairs, which you can provide us with for assessment before you file your diminished value claim.
We stand behind our work with a money-back guarantee that ensures you will recover at least the amount you paid for our report. To be eligible for a refund, you must present our appraisal in small claims court and provide us with a copy of the court’s ruling.
Rest assured that you will be working with a company with one of the highest SUCCESS RATES in the industry regarding diminished value claims.
It is advisable to recover diminished value even if you believe your accident will not be reported to CARFAX. There is always a chance that the accident may appear on a CARFAX report in the future, and not reporting it could potentially lead to legal issues. Additionally, even if it doesn’t appear on a report, some states require you to disclose the accident history to potential buyers, which could still affect the resale value of your vehicle.
Even if you think your accident won’t appear on a CARFAX report, it’s still worth pursuing a diminished value claim. There’s no guarantee that the accident won’t be reported in the future, and even if it isn’t, you may still be required to disclose the accident history to potential buyers in your state.
While it is unnecessary to sell your car to file a diminished value claim, it is recommended that you file your claim as soon as possible after your accident. This is because the loss in value occurs immediately, and the longer you wait to file your claim, the more difficult it may be to prove the diminished value. Ultimately, the decision on when to sell your car is yours to make.
Diminished value can be estimated without the need for an in-person inspection. A thorough review of relevant information, such as the repair estimate and photographs, is sufficient to assess the extent of the diminished value.
