1. Will I be able to collect Diminished Value from the insurance company?
Yes. If the accident was not your fault, it is owed to you from the insurance company of the at fault party or your insurance company under your uninsured motorist coverage. |
2. The insurance company says the vehicle was repaired properly and thus has not suffered diminished value, is that true?
Most certainly not. The insurance company is telling you that because they don’t want to pay the claim. Inherent diminished value is the automatic loss in value from a collision. The vehicle is worth less because it is not what is was before the accident. |
3. The insurance company says state law doesn’t allow a claim for diminished value, is this true?
No again. Insurance companies have avoided paying these claims for years. They do and say whatever will justify their position. Diminished value and case law supporting the same has been around for nearly 100 years. |
4. Do I have to sell my vehicle to file a Diminished Value Claim?
Absolutely not. You have suffered an immediate and real loss and you are entitled to be compensated immediately. The courts have upheld an individual’s right to
market loss compensation from an insurance company.
|
5. Do I really need to hire an expert to present a claim?
The answer is yes. Without a diminished value report and post-repair inspection
you have not substantiated the claim. As the claimant you have the duty in most
states to prove any claim you make. |
6. Is the Diminished Value claim really worth pursuing?
Yes. The insurance industry hopes you think not. They save millions of dollars a year by avoiding payment on these claims. Most people that are persistent in pursuit of their losses end up collecting. |
7. What makes Wreck Check different?
Wreck Check is different because we write every report specific to your vehicle and inspect every vehicle we do a report for. Our reports and figures are not generated by a computer program. We are always available if you need any assistance with your claim. It’s as easy as a phone call or email message. |