Insurance Question: Anybody Have Experience Claiming Diminished Value?
08-18-2003 | 09:56 AM
#1
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Joined: Feb 2002
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From: Silver Spring, MD
Insurance Question: Anybody Have Experience Claiming Diminished Value?
Back in December, I had a mishap and slid my S2000 off the road.
Everything's back to normal now, but I'm curious about whether it would be a struggle to get my insurance company (State Farm) to cut me a check for Diminished Value.
I faxed my claim and repair records to an Ohio company called Vehicle Information Services, which tells me I've suffered an "inherent loss" of $4,000.
They can provide me with a hard copy report to present to State Farm, but it would cost me $250.
Before I lay out any money on this, has anybody successfully filed for Diminished Value? And if so, how did you do it?
Thanks in advance.
Everything's back to normal now, but I'm curious about whether it would be a struggle to get my insurance company (State Farm) to cut me a check for Diminished Value.
I faxed my claim and repair records to an Ohio company called Vehicle Information Services, which tells me I've suffered an "inherent loss" of $4,000.
They can provide me with a hard copy report to present to State Farm, but it would cost me $250.
Before I lay out any money on this, has anybody successfully filed for Diminished Value? And if so, how did you do it?
Thanks in advance.
08-19-2003 | 01:09 PM
#2
Former Moderator
Joined: Jun 2002
Posts: 10,796
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From: Columbus
Not only did I get diminished value on my wife's Accord, I got them to pay an extra $400 for some of the recent repairs I had done. Something tells me that it would be hard to do this to your own insurance company.
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