Success Stories

  • Monica,

    Thanks again so very much for all your advice in how to handle this. Notice below, what Dempsey came back with after seeing you report. I got a call from Liberty this morning and they offered $6,000, or what I originally sent them from Team Chevrolet, and they thought that was far  too much. So, after contacting you and getting the your DV comps., and paying for my own CarFax, I told them I’d settle for $8,000 or see them in court. They are sending me the $8,000.

    I appreciate all your help, and will recommend anyone to contact you first, in the event they need help with this.

    Thanks,

    Nathan C. Mason
    AT&T OSP Project Manager
    770-750-6067 office
    770-750-6645 fax
    770-906-8097 cell

    Read more...
diminished value reportIf you are seeking a Diminished Value claim on a vehicle, when filing the claim with the insurance company, one essential element is the Diminished Value report. Not all reports are created equal. It's important that it lays out all the important details, stating your case in the most effective manner possible. Here are some of the most crucial details to include:

Identifying Features of the Vehicle

This is fairly rudimentary stuff, but it's important to have a detailed layout of all the identifying features of the vehicle in the report, from the make and model, all the way to the smallest of upgrades.

Damage Assessment

Your diminished value report should include a thorough assessment of the vehicle's damage. This starts with a detailed report of the condition the vehicle was in prior to the accident, which helps establish the pre-loss fair market value.

There is no one-size-fits-all approach, since every vehicle depreciates differently, depending on various factors, such as market demand, brand, and manufacturing quality.

Local Comparables

When you are making a case for what your vehicle is worth, a comprehensive list of local comparables is essential. The diminished value report should include four or more dealer-advertised prices on vehicles that closely resemble yours, including the year, make, model, body style, engine configuration, and other optional features. Dealer examples are preferable to private party, since laypeople will have a higher probability of placing an unrealistic price on their vehicle than the professionals at a well-established and reputable dealership. The DV Expert's License Numbers

Just as with any professional service, you want verification that you are dealing with someone who is licensed and accredited in their field. When you have your vehicle professionally appraised, your diminished value expert should always include their appraiser license number in the report to establish the validity of the expert opinions and research expressed in the report.

Dealer Testimonials

One of the more powerful aspects of our diminished value reports is the testimony from car dealerships that sell the same types of vehicles. Having a list of professionals giving their unvarnished opinions about how the damage affects the resale value, and in many cases how they might not even bring the vehicle on their lot, is a powerful element to your argument.

Does your vehicle appraisal company work for you or do they work for the insurance company? Autoloss is the only national appraisal company that works just for consumers. If you have a diminished value claim and want an expert report prepared on your behalf, contact us today.

Terry M. Fisher, Owner, Autoloss.com
Terry M. Fisher
Autoloss.com Founder

Start Your Appraisal

Name (*)

Please enter your name.
E-mail (*)

Please enter your valid e-mail address.
Phone # (*)

Please enter your phone number.
Year/Make/Model of Vehicle (*)

Please enter the year/make/model of the vehicle.
Type of Appraisal (*)

Please select an appraisal type.
Amount of Damage (*)

Please select a range of damage.
Details / Comments (*)

Please provide details about your appraisal needs.
Re-type Number
Re-type Number
  Refresh Number
The numeric code you typed was incorrect.


Share Autoloss.com

Get your free Diminished Value Appraisal Quote now!