AutoLoss Settlements:

Offered: $26,000Settled: $36,000

Offered: $3,000Settled: $10,000

Offered: $19,000Settled: $29,605

Offered: $5,000Settled: $16,000

Offered: $68,198Settled: $79,000

Diminished Value Questions

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FAQs

We’ve put together a list of Frequently Asked Questions pertaining to Diminished Value Claims.

Do I need an appraisal if I’m donating my vehicle to charity?

Yes. On vehicles worth more than $5,000, the IRS requires a professional appraisal to receive your tax write-off. It is still recommended for vehicles under $5,000 to prevent any unnecessary scrutiny from IRS auditors.

Do I need a special appraisal, or special insurance for my collector car?

Yes. Collector car insurance uses an appraisal to determine the fair market value for your collectible-quality vehicle. Most owners of collector cars carry standard insurance, which may result in less than half the compensation in the event of a loss.

If you choose not to carry special insurance, get a professional appraisal of your collectible vehicle on file with your insurance company, and demand a specific endorsement to protect your investment.

Do I need an appraisal to purchase a vehicle?

Sometimes! Banks, credit unions and individual lenders may require an independent appraisal to establish the true market value of the vehicle you are planning to buy.

What about “Certified Used Vehicles”?

Many new car dealerships are now offering “Certified Used Vehicles.” All have different processes for classification. However, all certification manuals we have reviewed have revealed extensive attention to discovering the smallest history of damage, negating the ability to designate it as a “certified used vehicle.” This dramatically changes the trade-in value for your repaired car, truck or SUV. Many times if a vehicle cannot be resold as a “certified used vehicle,” the vehicle will be sold at a significant discount. This is where a professional appraisal helps you to recover Diminished Value.

Customer Reviews

  • I settled the Diminished Value Claim. I traded my Jeep and got something else. The dealership gave me 23,000.00 for my 2007 Jeep towards a different vehicle, and State Farm gave me 4,000.00 for Diminished Value. Initially, State Farm only offered me $1,500 for Diminished Value. So I was happy... Read More

    Diminished Value - Jeep Claim

  • My car was involved in a terrible accident while parked on the street. Damage was substantial enough that insurance company totaled it and promptly offered a settlement. But I did not feel the settlement amount was adequate; given it was almost a classical Mercedes in an excellent condition. so I... Read More

    Diminished Value - Mercedes Claim

  • Thank you again for your enormous help and expertise. As you know, after my 2007 Volvo was involved in an accident earlier this fall, I was disappointed with the insurance company's "Diminished Value" they had assigned to the vehicle as a result of the accident. The amount of Diminished Value... Read More

    Dick Sullivan - Atlanta, Georgia

  • I just wanted to thank you so much for your help. Talking to you today has eased my mind. I will be referring your company to friends and family. Monica was wonderful as well. It's so nice doing business with such nice people. Read More

    Allison Teague, Atlanta, Georgia

  • My new Maserati was stolen and Amica Insurance Company only offered me $62,000. I called Autoloss and spoke with the owner, Terry Fisher. I was so impressed with Mr. Fisher I signed up on the spot. Within 1 month Autoloss had negotiated a new settlement of over $30,000 more then... Read More

    Kenny Clark - Atlanta, Georgia

  • After my brand new truck was recovered after being stolen, I was sent a $750 check from my insurance company for Diminished Value. At first I was excited... Then I researched Diminished Value and stumbled upon Autoloss. After reading numerous testimonials where people were rewarded thousands in damage, I decided... Read More

    Josh Mallard, NFL Defensive End - Denver, Colorado

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