Has anyone here successfully filed a Diminished Value claim? - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

aznatama · 02-09-2015, 11:09 PM

Looking for people's experiences please.

I plan to file a diminished value claim on my car which was involved in an accident last week. A few questions I'd like to know is:

1. What insurance company did you file the claim against?

I hear different insurance providers use different methods, and some are easier/harder to file against.

2. Did you account for aftermarket parts?

Especially recently installed parts, how much of the parts value was used?

3. What documents did you present the insurance company?

I've gotten local similar car retail and trade-in values for 100% stock CPO cars. I'm guessing I need a written appraisal from an appraiser or perhaps a dealership showing what they would offer after the car's been in an accident? If 3rd party appraiser was used, who?

4. Did you have assistance of counsel?

Was your claim filed by an attorney that was handling your PI case (since very few will take on a DV-only claim)?

Thanks.

VoiD · 02-10-2015, 01:29 AM

1. What insurance company did you file the claim against?

some small insurance company. cant remember name.

2. Did you account for aftermarket parts?

All aftermarket parts that were scratch or damaged were replaced with new but through their insurance.

3. What documents did you present the insurance company?

A third party appraiser came and went over the car. this was separate from insurance appraisal. I had to provide sales receipts or just links to parts that were on the car.

4. Did you have assistance of counsel?

yes an attorney filed claim along with PI. Appraiser came up with a diminished value of 8K. settled for 6K + PI.

aznatama · 02-10-2015, 01:35 AM

Which appraiser was used?

VoiD · 02-10-2015, 02:17 AM

Quote:

Originally Posted by aznatama

Which appraiser was used?

i looked up my old email.
reed appraisers
301-946-6116

this was back in 2011 though.

aznatama · 02-10-2015, 02:34 AM

Hmmm, ok. Thanks!

aznatama · 02-11-2015, 01:58 PM

@VoiD could you pm me the details of your accident? I'm about to file a claim, just need to know what the amounts you used were,if possible. Thanks.

FRSure · 02-11-2015, 11:11 PM

Let me know if you need help. If you search up my old thread, you'll see me. I got over 5k for diminished value.

SullyStyle · 05-19-2016, 01:27 PM

@aznatama Did you finish your claim? How did it go? I am about to do my own DV claim... And I would like to see if I could get some steps on what to do. PM me some details?

02-09-2015, 11:09 PM	#1
aznatama Senior Member Join Date: May 2014 Drives: 2014 BRZ MT (Sold); 2006 V70R Location: Fairfax Posts: 873 Thanks: 10 Thanked 186 Times in 150 Posts Mentioned: 8 Post(s) Tagged: 0 Thread(s)	Has anyone here successfully filed a Diminished Value claim? Looking for people's experiences please. I plan to file a diminished value claim on my car which was involved in an accident last week. A few questions I'd like to know is: 1. What insurance company did you file the claim against? I hear different insurance providers use different methods, and some are easier/harder to file against. 2. Did you account for aftermarket parts? Especially recently installed parts, how much of the parts value was used? 3. What documents did you present the insurance company? I've gotten local similar car retail and trade-in values for 100% stock CPO cars. I'm guessing I need a written appraisal from an appraiser or perhaps a dealership showing what they would offer after the car's been in an accident? If 3rd party appraiser was used, who? 4. Did you have assistance of counsel? Was your claim filed by an attorney that was handling your PI case (since very few will take on a DV-only claim)? Thanks. __________________ '14 BRZ LTD MT DGM

02-10-2015, 01:29 AM	#2
VoiD Senior Member Join Date: Jan 2013 Drives: 13 WRB BRZ Location: VA Posts: 184 Thanks: 73 Thanked 36 Times in 28 Posts Mentioned: 12 Post(s) Tagged: 1 Thread(s)	1. What insurance company did you file the claim against? some small insurance company. cant remember name. 2. Did you account for aftermarket parts? All aftermarket parts that were scratch or damaged were replaced with new but through their insurance. 3. What documents did you present the insurance company? A third party appraiser came and went over the car. this was separate from insurance appraisal. I had to provide sales receipts or just links to parts that were on the car. 4. Did you have assistance of counsel? yes an attorney filed claim along with PI. Appraiser came up with a diminished value of 8K. settled for 6K + PI. __________________

02-10-2015, 01:35 AM	#3
aznatama Senior Member Join Date: May 2014 Drives: 2014 BRZ MT (Sold); 2006 V70R Location: Fairfax Posts: 873 Thanks: 10 Thanked 186 Times in 150 Posts Mentioned: 8 Post(s) Tagged: 0 Thread(s)	Which appraiser was used? __________________ '14 BRZ LTD MT DGM

02-10-2015, 02:34 AM	#5
aznatama Senior Member Join Date: May 2014 Drives: 2014 BRZ MT (Sold); 2006 V70R Location: Fairfax Posts: 873 Thanks: 10 Thanked 186 Times in 150 Posts Mentioned: 8 Post(s) Tagged: 0 Thread(s)	Hmmm, ok. Thanks! __________________ '14 BRZ LTD MT DGM

02-11-2015, 01:58 PM	#6
aznatama Senior Member Join Date: May 2014 Drives: 2014 BRZ MT (Sold); 2006 V70R Location: Fairfax Posts: 873 Thanks: 10 Thanked 186 Times in 150 Posts Mentioned: 8 Post(s) Tagged: 0 Thread(s)	@VoiD could you pm me the details of your accident? I'm about to file a claim, just need to know what the amounts you used were,if possible. Thanks. __________________ '14 BRZ LTD MT DGM

02-11-2015, 11:11 PM	#7
FRSure Senior Member Join Date: Aug 2013 Drives: Toyota Location: VA Posts: 583 Thanks: 183 Thanked 121 Times in 78 Posts Mentioned: 4 Post(s) Tagged: 1 Thread(s)	Let me know if you need help. If you search up my old thread, you'll see me. I got over 5k for diminished value.

05-19-2016, 01:27 PM	#8
SullyStyle Member Join Date: Mar 2016 Drives: Hyperblue BRZ 2016 Location: Maryland Posts: 39 Thanks: 4 Thanked 11 Times in 7 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	@aznatama Did you finish your claim? How did it go? I am about to do my own DV claim... And I would like to see if I could get some steps on what to do. PM me some details?

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