Diminished Value Claims
Even after a perfect repair, a vehicle loses market value. An accident on a Carfax report can drop your vehicle value.
We fight for that value.
Even after professional repairs, a vehicle with an accident history is worth significantly less than one without. This loss is called Diminished Value, and you are entitled to be compensated for it.
1. Submit Your Claim
Share a few details about your vehicle and your insurance offer. It takes about five minutes.
2. Claim Review
We analyze your insurer’s valuation report and compare it against real market data for your vehicle. If needed, we’ll guide you through invoking the appraisal clause.
3. We Handle Negotiations
We prepare the documentation and negotiate directly with the insurance companie appraiser on your behalf.
4. Higher Settlement Offer
You get the additional money you’re owed. We only get paid if we recover more for you.
What Is Diminished Value?
What Diminished Value Means
& How You File It?
It is a claim for the value your vehicle lost simply because it now has an accident on its history report, even after high-quality repairs. Even with perfect repairs, a vehicle with an accident history on its CARFAX or AutoCheck report is worth significantly less than an identical vehicle with a clean history. This inherent loss of value is called inherent diminished value.
How To File Your Diminished Value Claim
To file a diminished value claim, you must have been the not-at-fault party in the accident. The claim is filed against the at-fault driver's liability insurance. You will need a certified diminished value appraisal report from a qualified appraiser to substantiate the amount of your loss. Without professional documentation, insurance companies will typically deny or minimize the claim.
types of diminished value
3 Types of
'Diminished Value'
Inherent DV
Inherent
DV
DV
The loss of value simply because the vehicle now has an accident history, even if repairs were perfect.
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Repair-Related DV
Repair Related DV
Loss of value due to poor quality repairs or cosmetic imperfections that remain after the shop is finished.
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Immediate DV
Immediate DV
The difference in resale value immediately after the accident but before repairs are made.
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Insurance Company Secret
Did You Know This?
* Insurance companies rarely offer to pay Diminished Value voluntarily. You almost always have to demand it and prove your loss with a certified appraisal report.
Put Yourself In The Mind Of A Car Buyer
If you were shopping for a used car and saw two identical models—one with a clean history and one with a previous accident report—which one would you buy? You'd likely choose the clean one, unless the damaged one was significantly cheaper.
What DV Claims Looks Like
What A 'Diminished Value'
Claim Looks Like.
Value Before Accident
Value Before Accident
Date
Date
$34,500.00
Estimated value based on year, make, model, trim, condition, etc.
Value After Repair
Value After Repairs
Done
Done
$31,800.00
Estimated value based on year, make, model, trim, condition, etc.
Est. diminished value
Estimated Diminished Value
$3,700.00
Estimated value based on year, make, model, trim, condition, etc.
Diminished Value Claims
How To Know
If Your Claim Qualifies For Diminished Value
How To Know If You're Likely
To Qualify For A Claim
To Qualify For A Claim
* You were NOT at fault for the accident
* The other driver has insurance
* Your vehicle is newer (typically under 7 years old)
* Your vehicle has no prior significant accidents
* Repairs cost more than $2,000 (usually)
Diminished Value Claims
Schedule your free claim review.
We'll let you know if your claim is worth pursuing.
Schedule Your
Free Claim Review
Free Claim Review
Send us your insurance offer, vehicle details, and any supporting documents. We review your case at no cost and tell you if have a diminished value claim worth pursuing.
FAQ's