I asked Allstate about Diminished Value on my 2004 BMW. After two months they offered me $3,090 for Diminished Value... I called Autoloss.com and within 3 weeks they had conducted the appraisal inspection, and had negotiated a diminished value check for me for $15,900.
— Robert Dupea
Santa Clara, California
When you have such a significant number of consumers completely out of the buying mix, demand is so low that you can’t help but see a major drop in value. In the auto buying world, perception is as good as reality. If people think your vehicle is worth 40 to 60 percent less than you are asking, it’s nearly impossible to fight that battle. What Can You Do About It? First, don’t think you are helpless! The insurance company will not go out of their way to offer you what you deserve. In fact, they will likely present you with an estimate based on an extremely conservative formula that clearly favors their interest. If you are unaware of your rights, this presentation may very well come across as reasonable and convincing. You don’t have to simply settle for their offer. When you provide the insurance company with a professionally prepared Diminished Value report from Auto Loss, they will know you mean business and have the backing of the clear and detailed data that we provide in our reports. No one plans for an auto accident. So, if someone you know is unaware of their right to a Diminished Value claim, don’t wait for an accident to happen. Spread the word, so they will know if and when the time comes. Knowledge is power!