Has anyone in California tried to get a Diminished Value from a Insurance Claim?

1703 Views 4 Replies 4 Participants Last post by mad0314, May 16, 2009

Rob117

Discussion Starter · Mar 26, 2009

My Mustang got hit by my garbage man! So it is in the shop and its all being paid for by their insurance company.

I saw somewhere that I might me able to ask for some extra money from the insurance company, called a Diminished Value Claim.

Has anyone done this before, or have any information on it???

Thanks!

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jep23

· #2 · Mar 26, 2009

My dad's 2007 Corolla got rear-ended a few months ago. Our insurance company said we would have to get an appraiser to go to court and testify that the resale value had now gone down due to an accident on the carfax report. It wasn't really worth the extra hassle since he's probably not ever going to sell it until it's worthless anyway.

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Rob117

Discussion Starter · #3 · Mar 26, 2009

WOW!! Really?? I was thinking that its probably not worth it either!

But has anyone tried one of those web sites that say that they will fight for you??

For my case, its a 3rd party claim so I am fighting the insurance company of the people who hit me.. (if I do it)

Thanks again for the reply!!

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DevilNBluDress

· #4 · May 14, 2009

I have never heard of anything like that. I am going to ask around and see if anyone has done that.:headscratch:

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mad0314

· #5 · May 16, 2009

jep23 said:
My dad's 2007 Corolla got rear-ended a few months ago. Our insurance company said we would have to get an appraiser to go to court and testify that the resale value had now gone down due to an accident on the carfax report. It wasn't really worth the extra hassle since he's probably not ever going to sell it until it's worthless anyway.

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