Recently, I had a case where an adjuster was negotiating an inherent lost market value claim based on values and condition descriptions found in Kelley Blue Book. The amount of inherent lost value, or diminished value or DV as it is common to call it, that the adjuster was willing to pay was about $4000 … Read More
Back in May, I saw a sad story about a filmmaker in South Africa that was killed by the head butt of a giraffe out in the bush while filming for a movie. In my mind, I related that to how the giant insurance companies just throw around invalid denials to diminished value claims to … Read More
How Our Client’s $5000 Success Can Lead the Way to Your Success! Having an uninsured motorist or under-insured motorist diminished value claim (UM/UIM claim) doesn’t usually qualify for the fun list, but if you’re faced with having to deal with this type of diminished value, it pays to educate yourself about these types of claims! … Read More
Short Answer: No! I think most people get this, but I get this question all the time, so I am writing this article in an attempt to properly explain why a total loss settlement does not include diminished value. First, let us define Diminished Value: Diminished Value is the loss in re-sale value of a … Read More
Total Loss Disputes If you’ve done some Googling because of a total loss dispute with your insurance company, you probably came across information explaining your right to appraisal (also called the invoking the Appraisal Clause). Unfortunately, because auto total loss disputes are usually less than $10,000.00, it is an area that hasn’t traditionally attracted attorneys … Read More
I’ll bet that no one has explained to you what I am about to explain . . . First of all, the terms Actual Cash Value (ACV) and/or Fair Market Value (FMV) are sorely lacking and ambiguous when it comes to actually helping to define the value of a private passenger automobile. In fact, the … Read More
Prove a point on your total loss due to flooding after Hurricane Harvey with the Appraisal Clause If you’re a victim of the recent flooding in South Texas and have a total loss due to flooding with your carrier, you should call our office immediately and make sure that any offer you get is fair … Read More
OFFICIAL OFFER WAS OVER $7000 LOW ON A 2006 Dodge Ram 2500 SLT Hey guys! It has been quite a while since we had time to post on our blog because we’ve spent our year so far helping tons of accident victims get a fair shake when dealing with diminished value and total losses. We’ll … Read More
What do you think? Do you have to sell your car in order to prove that it has lost value? To the surprise of me and my client’s attorney, we recently had a Judge that said YES. Insurance adjusters are trained to say YES to the title question, too. But what do you think? The graphic … Read More
Do you need an attorney for your auto accident? Answer the question for yourself! Let me start by saying that some people never need an attorney, and others will always need an attorney. Additionally, this article is based on my 15 years of claims adjusting experience. I have developed a simple little formula that will … Read More