In the state of Texas, if you are in a wreck and the accident was not your fault you are entitled to file a claim for Diminished Value. The statue of limitations on filing a Diminished Value claim in Texas is two years from the date of loss. In order to recover the losses you must have a diminished value appraisal completed by a professional automobile appraisal company, such as Appraisal Group of America. Also, if the other party does not have insurance and you carry uninsured/ underinsured motorist coverage you may be able to claim diminished value under your policy. . . You can also file a claim in small claims court in Texas for as much as $10,000. Appraisal Group of America can help the Texas consumer in many ways. We also have local Texas appraisers standing by to complete an inspection on your vehicle as well. Call 877-655-1661 so Appraisal Group of America can help you recover your losses today.
Resources
- 2008 Disaster Assistance to Consumers Frequently Asked Questions
Consumer FAQs from the Texas Department of Insurance - Glossary of Common Auto Insurance Terms
From the Texas Department of Insurance
