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
True stories about how our free total loss claim consultation can make you money! We talk to a lot of people from day to day and many times, Justin has to tell people who call the hard truth that it might not be worth spending money but sometimes, with just that one call, he can … Read More
Where can I get a diminished value appraisal? If you are doing research on how to get paid for your vehicle’s diminished value, then you know that the advice on the street is to get a diminished value appraisal from a qualified expert. Are you feeling lost or overwhelmed in the process? You aren’t alone! … Read More
Dealing with Diminished Value in Texas If you have a repairable collision claim in Texas, then you may be entitled to recover for your vehicle’s diminished value. In Texas, if you file a third-party auto claim, then if your claim meets certain standards, you would likely recover diminished value if the case went before a … Read More