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Diminished Value

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A Reader
 
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Default Diminished Value - 03-29-2007 , 02:20 AM






I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?

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CLK430
 
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Default Re: Diminished Value - 03-29-2007 , 12:09 PM







Last year got 10% of the value of my MB in diminished value after a
rear end collision. ($2,250). My own insurance company (uninsured
motorists claim)

Three years before, got $3k from State Farm when one of their insured
members hit my Volvo wagon.


Most insurance companies will send yo a form if you ask for it...but
will not 'advertise' the fact.


But --- the likelihood of getting such a claim is much lower if the
car has already been in an accident.






On Thu, 29 Mar 2007 07:20:57 GMT, "A Reader"
<philliprnakata (AT) verizon (DOT) net> wrote:

Quote:
I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?

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