nala

Has anyone had any luck with filing a claim for diminished value following a car accident that wasn't your fault? Just looking for a little insight on what a fair settlement would be.

I was rear ended not too long ago in my 2008 Evo (cash value for insurance purposes of $27k), resulting in $3k in repairs. I asked for diminished value, and the initial offer from the insurance company is $1200.

I know that diminished value is not widely available in Ohio, so I don't know if I should be happy with the $1200 or if I should push for more.

Any thoughts?

RedY2KS2k

How much do you feel the accident reduced the resale value of your car?

David1

Take it and be happy or you could fight for a long time. 3K in damage is nothing now a days.

nala

I got them to go $1,600 and I'm happy with that. Frankly, I was happy they even entertained the claim and offered me anything for diminished value.

David1

Mod money!

SanMarinoCpe

would you buy a car that didnt have a clean carfax?

nala

For something like an Evo or an S2000, I would certainly be less interested in one that didn't have a clean carfax, and would probably steer clear altogether. At the very least, I would discriminate against it and expect some reduction in price to offset the risk of the unknown.