What makes our Diminished Value appraisals better that any other appraisal company is that we are successful in getting our clients claims paid in full. Basically all insurance companies have a standard process for claims. We have seen everything they can respond to from flat out denial of a claim to recognizing that we have made our case and the insurance company pays our appraised amount of Diminished Value.
We have fine tuned the content of our reports to address all the common point of contention they can come up with, in the end we have a very strong case for the value we have appraised the vehicle for and in the event the claim is taken to court, a judge will also recognize that a car with repaired accident damage will not sell for as much as one that doesn’t have an accident history. How much that value is simple… What was the car worth and what is it worth now the accident damge has been fixed. The difference is called Diminished Value (DV).
Unlike many of our competitors we do not use a formula or sliding scale to determine DV so every car we appraise for DV has to be researched and the diminished value calculated. We also make allowances for the damage severity. The damage severity has to be determined from the repair invoice to see what was repaired, how many structural and non structural assemblies were damaged in the accident.
With this kind of proof included in the report anyone can verify the data we supply and see that we have proven not only what the vehicle was worth before the accident but also what it is worth after the accident damage has been repaired.
You can fix accident damage, but you can’t fix the Carfax report and you are required by law to disclose the repaired accident damage. Every car is different and the exact amount of diminished value varies from car to car, it has to be researched and your damages have to be proven.