Does A Total Loss Have Diminished Value?

Does A Total Loss Have Diminished Value?

August 20, 2018By Justin Petty

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

Appraisal Clause: Deceptive Practices by Insurance Companies

Appraisal Clause: Deceptive Practices by Insurance Companies

October 23, 2017By Justin Petty

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

Actual Cash Value or Fair Market Value?

Actual Cash Value or Fair Market Value?

October 16, 2017By Justin Petty

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

APPRAISAL CLAUSE BRINGS JUSTICE AGAIN!

APPRAISAL CLAUSE BRINGS JUSTICE AGAIN!

July 27, 2017By Justin Petty

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

Auto Accident – Do You Need an Attorney?

Auto Accident – Do You Need an Attorney?

May 11, 2016By Justin Petty

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

Where Can I Get A Diminished Value Appraisal?  7 Tips

Where Can I Get A Diminished Value Appraisal? 7 Tips

April 29, 2016By Justin Petty

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

Diminished Value in Texas – How Does It Compare?

Diminished Value in Texas – How Does It Compare?

April 27, 2016By Justin Petty

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

WHAT’S THE MADE WHOLE DOCTRINE & WHY SHOULD YOU CARE ANYWAY?

WHAT’S THE MADE WHOLE DOCTRINE & WHY SHOULD YOU CARE ANYWAY?

March 31, 2016By Justin Petty

Made Whole Doctrine: Are you being preyed upon? Insurance companies count on vehicle owners not knowing about the law, specifically the made whole doctrine.  They use the lack of knowledge by the layman to prey on accident victims for profit.  Right now, many of the accident victims that are reading this article are being further … Read More