Claim Your Diminished Value!
Diminished Value is the immediate loss of value a vehicle suffers due to a car accident. The loss of value remains even if the car, truck or motorcycle is fully repaired. It retains the loss due to the stigmas associated with the accident. Diminished Value can have varying degrees. A car with light cosmetic damage will not reflect the same loss of value as a vehicle with structural damage or frame damage. There are three stigmas associated with damaged and repaired vehicles.
- Stigma of Possible hidden or unknown damage from kinetic energy. The possibility of additional damage from Kinetic energy is real. Kinetic energy can travel through your vehicle damaging parts several feet away from the actual impact area, and remain undetected.
- Stigma of the Quality of Repairs. There is no government mandated standard of quality a body shop must meet. As such, there will always be a question as to the quality of the repairs.
- Stigma of the Damage History. The consumer will be assuming the history of the vehicle. A damage history will stay with that vehicle for the remaining salable life of the vehicle.
In most states like Texas, Oregon, Washington, Arizona and California, only 3rd party diminished value claims normally qualify, although in most states, uninsured motorists and hit and run claims will also normally qualify. At this time, Georgia is the only state where insurance companies are required by law to pay 1st party diminished value claims. Diminished Value is claimable in all 50 states with the proper documentation to prove the loss of value.
Has My Vehicle Suffered Diminished Value?
I have Diminished Value, Now What? To file a claim and settle for a reasonable amount, you’ll need solid evidence, a Diminished Value Appraisal, to prove your loss. LossValues Works only For Consumers and Produces Credible Reports and Appraisals using a combination of book values, wholesale values, and actual real market comparables the way that the U.S.P.A.P. (Uniform Standards of Professional Appraisal Practice) intended. We determine what your Pre-loss value was, and what your Post-repaired value is. The difference is your diminished value.
We take the time to audit your estimate of record to determine if you have structural damage, frame damage, and/or cosmetic damage. This is annotated to highlight the damage. We run a damaged history report on your vehicle, so in case the loss is already showing up, we can reference it. Then we wrap it all together in a full color appraisal. Each appraisal narrative is personally written by Ken Nix, a State Licensed Auto Appraiser. Our appraisals are developed with an emphasis on Credibility and evidence, so you settle quickly and for higher percentages.
We help Diminished Value claimants nationwide. Whether you’re filing diminished value in Portland, Oregon, or have a Total Loss, Fair Market Value claim for your totaled pickup in Houston, Texas, LossValues can help you recover more of what you’re owed with a strong, credible diminished value appraisal. We have clients from all over the country who have taken advantage of our thorough, credible, professional appraisals and recovered their diminution of value quickly and easily. With over a 95% success rate over the past 4 years of our clients settling without an attorney’s involvement when submitting our appraisals for loss of value, we’re confident we can help you too. Here’s what our clients are saying about us:
“I sent copy of you incredible report and they came back with $10,000. No battle at all against your documentation.” L Rivara – Austin Texas area.
“I sent off your report and had a 5 minute phone call with the adjuster and settled my diminished value claim for $5,000.00″ – K Kreiling – Seattle Washington area.
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