A couple of questions about claim for reduced resale value.
 

On 1/1/2014, I was going straight in a park lot and was hit by a 2004 Sienna when it was backing out of its parking spot. The damage to the Sienna was minimal, only the rear bumper, but the damage to my 2013 BRZ was quite extensive. I got damage on passenger side quarter panel, wheels and the rear panel. The Sienna's insurance, AllState, has accepted the responsibility for repair. However, I am wondering whether I should ask for compensation for reduced resale value. (My 86 is 3 months old.) If so, how? Sorry if I have too many questions.

1. How should I bring this up?
I am afraid that the AllState adjustor would give me a simple answer: we do not pay for reduced resale value. If this happens, what can I do about it?

2. How much I am look at?
The damage is estimated by AllState to be about $1750. (This is certainly lower than average.) How much is considered to be a fair compensation in this case?

3. Should the reduced resale value be based on AllState's estimate, or I have to get other evidence to support my claim?

Any help would be greatly appreciated, especially those who have dealt with AllState before!

Some companies have a "no-bickering" formula for diminished value compensation (eg, 10% of the repair cost). If you simply ask, you're likely to get something.

If you had a fru-fru car like a Ferrari, diminished value for even a minor repair could be substantial and you could bring in a market expert who could assess the impact (so to speak...) and provide you justification for claiming a higher diminished value amount.

Thanks for the reply. I did not expect it is so low. If it is only $170, I won't bother to ask the adjustor, who is a nice lady to work with. But 10% of repair cost sounds really low. If I go to to sell my car now, buyers would only take $170 off the normal price?

You'll have to see how much they offer right off the bat.

You don't have to accept it if you think it's too low. But you'll then have to justify a higher amount which will probably be a challenge given that this is a low-priced new model with limited resale history.

You need documented sales of similar repaired BRZs to establish diminished value. Have these numbers available before you negotiate with the ins co.

I tried to get diminished value on a Honda Accord. I have Geico in NY, the accident happened in CT and car was repaired in CT. I thought it would be easy since I was hit by a drunk driver that ran a red light. The adjuster pretended like he didn't know about it and shit. Was annoying and I gave up on it because I knew I would never actually sell the car and it wasn't perfect to begin with.

Good luck.

Get a lawyer and have him deal with it. Easy.

F****ing ct drivers....smh @sklimo
From what I remember they drive the same way sober

But really op, it never hurts to ask. You can accept it or leave it but it is something extra to put in your pocket for the trouble this has caused you.
Keep us posted on the outcome as many will be curious.
I'm glad yours was repairable. Looking at the salvage thread they total some of these cars quickly.

Lol so we have met Zion lmmfaoooooooo

I don't think that's quite the way to look at it. Diminshed value is to make up for the fact that a car that's been in an accident won't sell for as a high price as one that wasn't. It's not extra, it's to get him back to where he would have been.

Sorry OP was hit. The worst place to drive is in f*****g parking lots.

"Easy" but most likely too expensive.

For the OP and others:
Any benefit, if any, received by hiring a lawyer wil be less than the cost of hiring a lawyer. Accidents happen. This is why one has, and is required to have, insurance. Think about it: One is REQUIRED to have insurance because accidents HAPPEN and will continue to happen.. GETOVERIT and always be super vigilant in parking lots. If you do so you will greatly minimize any collisions caused by you or others. I share an earlier opinion (CAPTAIN STALL) expressed: Parking lots are the worst environment for accidents - BE A DEFENSIVE DRIVER, SHIT HAPPENS!.

Basically you can ask for one from their insurance, the adjuster will come look at your car, the repair bill, and then they compare fair value for the car in your area (which is hard on such a new car) and they'll assess how much less you should expect to get because of the accident.

Since the damage is fairly low (less than $2k) they probably won't give you much at all, but it doesn't hurt to ask. I had a car in a fairly extensive accident and they gave me around 35% of the cost of repairs back.

Understood, it's one of the ways ins companies can "make the owner whole again". It's a % money now that you will lose later if you trade in or sell (in a way). Was trying to put a more up beat spin on a Debbie downer situation. I just totaled my brz a few weeks ago. I would gladly take his place in a parking lot fiasco.

I just went through a bunch of stuff with insurance company. If you stay positive and pleasant it will get you further. But you do have to ask if they don't just offer it up front.

I signed up for mysubaru site to keep track of my maintenance and they have a guaranteed trade in value. Check it out.

If you read the fine print they guarantee the value as long as the body panels have not been replaced. Not sure their stance on if they have some bondo in it but try to base you value on that.