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What Is Diminished Value?

Diminished value is the reduction in resale value, caused by a car accident on the car history report. It can be classified as inherent or repair related.
In inherent diminished value the repairs were completed correctly and the loss is the stigma from the bad history report left.
In repair related, the body shop did a bad job on repairs and the car lost value because of the bad noticeable or un-noticeable repairs.
Diminished Value also referred to as DV, DAV, accelerated depreciation and/or diminution of value.

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Diminished Value Calculator

There is no such thing as a diminished value calculator, the problem is car values change weekly and even the same car has multiple options
and conditions to account for. Anytime you or a car dealer try to submit a valuation on a car it is biased since it is based on self interest.

The 17C Formula or Hybrids

The diminished value formulation alike all others is not a legal way to calculate diminished value.
In addition, Georgia’s Insurance Commissioner, Mr. John Oxendine, where the formula originated has issued a directive to all auto insurance companies
that it is illegal to say it is an approved, official or an ordered formula. Biased investigation of that which is supposed to be neutral and unbiased constitute bad faith and unfair claim settlement
practices and is a violation of the model act under code section 4 subsection D, E,F,G and H of the NAIC Regulation Service.

How is is it done:

1. Starts by using NADA: NADA does not recognize or adjust for any car with a car accident
so values are subjective and do not account for the sale or the purchase of a car with a car accident and it does not use local markets.

2. 10% cap of the wrong value assigned by NADA: It is illegal to cap damage under the Model Act

3. Damage Deduction- Every car has a different devalation and so there cannot be a percentage or deduction based on severity on a cap.

4. Mileage Deduction- NADA alike all other trade in companies give estimates based on mileage, this is a double deduction.

What is a Diminished Value Appraisal Report?

We start off by pulling the black book values for your local area, then we pull the local comparable vehicles in your area, we then proceed
to break down your repair report and car history in order to compare the comparable vehicles with the black book values and end up with a damage
chart which paints the picture of what is a USPAP compliant Diminished Value appraisal.

Insurance Claim Form

Not At Fault Drivers- Start Your Insurance Claim Today ! 98% Success Rate

Accidents happen if it wasn't your fault don't sweat it, you qualify for Diminished value. The insurance company of the person that hit you is responsible for your loss in market value in all states but the burden of proof is on you. Don't get stuck fighting the insurance company and get your claim denied. We fight for you.

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At Fault Drivers- The Loss is Tax Deductible

If you live in Georgia, Kansas, Washington or North Carolina your still owed Diminished Value (DV) against your own insurance company. Also, according the the IRS diminished value is tax deductible so if your at fault and live in a state that doesn't cover you simply deduct it with our report up to 3 years after your accident.

Tax Deduction Report
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Can I Collect Diminished Value (state-by-state DV Laws)

From the at-Fault Party's Insurance Company the claim is considered Third Party

YES: in Every State except Michigan

•Arkansas• Alabama• Colorado• California• Connecticut• Florida• Delaware• Georgia• Idaho• Indiana•
Illinois• Kentucky•Kansas• Louisiana •Maryland•Maine•Massachusetts•Mississippi•Minnesota•Missouri•Montana•Nevada•
New Jersey•Nebraska•New York•New Hampshire•New Mexico•North Dakota•North Carolina•Oklahoma•Oregon•Rhode Island
•Pennsylvania•South Dakota•South Carolina•Tennessee•Texas•Utah•Virginia•Vermont•Washington•Wisconsin•West Virginia•Wyoming

If the at-Fault Party has No Insurance, then Diminished Value falls under First party claims

YES: under your own policy's Uninsured Motorist Coverage, but only in the following states:
• Alaska • Arkansas • California • Delaware • District of Columbia • Georgia • Hawaii • Illinois • Indiana • Louisiana • Maryland • Mississippi •
New Jersey • New Mexico • North Carolina • Ohio • Oregon • Rhode Island • South Carolina • Tennessee • Texas • Utah • Vermont • Virginia • Washington • West Virginia.

From My Own Policy's Collision Coverage

YES: in Georgia, Kansas, North Carolina and Washington

Services Provided:

Diminished Value Appraisal - Actual Cash Value Appraisal (ACV), Fair Market Value Appraisal,
Replacement Value Appraisal, Total Loss Appraisals, Stated Value Appraisal, Assessment Report, Specialized in High end Luxury Vehicles, Antique, Custom, Exotic, and collector vehicles. We don't do formula based reports, we analyze you local car market pricing and give you true market pricing diminished value.

Car Diminished Value:

We provide Diminished Value for Acura, Alfa Romeo, Audi, Bentley, BMW, Buick, Cadillac, Chevrolet, Chrysler,
Dodge, Daewoo, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jaguar, Jeep, Kia, Land Rover, Lexus, Lincoln, Maserati, Mazda, Mercedes-Benz,
Mini, Mitsubishi, Nissan, Porsche, Ram, Scion, Smart, Subaru, Suzuki, Toyota,Volkswagen, Volvo, Ferrari, Lamborghini, Bugatti, Tesla, lotus and Maybach amongst others.

Insurance Diminished Value:

We deal with every single car insurance company nationwide, the most popular ones being Progressive, Geico, State Farm, Allstate, USAA, Esurance, Farmers, American Family and much more.
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How to Collect Diminished value after a car accident in all 50 states:

The first thing to remember is that though it might be a right to claim diminished value and or to go to court,
the insurance company is not required to pay your claim outside of court unless the policy limits would make it where the policy holder could get sued
if they do not make an effort to settle within policy maximum limits under property damage then they failed the policy holder and it is bad faith and a big
liability for the insurance company. The second thing is no adjuster will pay 100% of the diminished value claim unless the amount is below what it is meant
to be and negligence can cause punitive damages, bad faith or other more serious problems. The main thing to remember is if you get a trade in appraisal or
print outs from online and do not get a professional report it will most likely end in a denial or a small settlement amount. The key to any claim and
especially a diminished value claim is persistence and doing everything in order. The adjuster is trying to get to know who you are and if you say or do
anything by mistake to use against you and deny everything you claim. The insurance company is most of the time very friendly in order to extract information
from you, they put you at ease in order to make you say things you would not in a normal conversation to make you get mad later and insult them also.
They are many times the most bipolar people you can imagine. The word of caution is be prepared and very cautious, if you are not prepared with the correct burden
of proof documents it will hurt your claim and/or get you denied or accused of intent to defraud.
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To Find Out More Information About Diminished Value Click Here

Download Diminished Value Laws All 50 States Click Here

Diminished Value Claims Information Click Here


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