In a professional forum for diminished value providers, we had a member inquire about how the amount of the repair bill affects the inherent diminished value of a vehicle. It is my experience that the amount of damages is an imperative factor to have in order to accurately assess diminished value. Let’s dig right into the details. … Read More
If you don’t know what subrogation is, then this article isn’t for you. In this posting, I am speaking only of personal automobile subrogation recovery. A recent teleconference with some claims professionals made me think of this blog posting. Subrogation recovery is a difficult skill to master. There are two fundamental approaches to maximizing recovery. … Read More
Recently, the Texas legislature enacted a law that abolishes the Small Claims Court in Texas. There are a few articles on the web about it, but for the most part, nobody noticed! After researching the subject matter (thanks to Hal Monk), I found the amended rules.
Salvage Vehicles, Total Losses, Rebuilt / Salvage Titles & Diminished Value In every claim I have ever handled where the vehicle was a total loss and had a salvage / rebuilt title, I was instructed to deduct 50% of it’s pre-accident value to account for the salvage / rebuilt status. Also, when I was handling … Read More
Are you joking? YES! Seriously, I sometimes get the feeling that some people just don’t understand how life works, and that causes them difficulty in discerning ordinarily easy facts to observe. Our mission statement at the office is “We are here to prove that paying attention to details and doing the right thing is the … Read More
I truly cannot tell you how many times a claimant threatened to sue the company when I was adjusting insurance claims. All insurance adjuster learn pretty early on that a person will have a hard time trying to sue someone else’s insurance company for bad claims handling, so never was I ever worried when a … Read More
Is automobile diminished value a fact? If so, then how does one prove the exact diminished value? Is there anything fake about diminished value? In almost every successful recovery, an expert report on diminished value is required. As an expert in diminished value, my research indicates that diminished value exists in almost every case where … Read More
So one of the most common questions I get is related to how an accident will affect insurance premiums. If you are worried about this, then you are correct in doing so. The answer as to how much your rate will increase is specific to the insurance company that provides your coverage. For example, if … Read More
Well, it is now 2010. Is the world gonna end in 2012 like the Mayan calendar implies? If it does, I hope that the next two years are as fruitful as 2009. During 2009 my family ventured into the world of business management and ownership. It has been hard, but rewarding. We have been able … Read More
As a former liability adjuster, I cannot count the times that an individual threatened a lawsuit in an attempt to get more money. I would like to make the point that adjusters are calloused to the threat of a lawsuit. Many times, the adjuster’s ignorance is the reason they do not respond. It is rare … Read More
Okay guys listen, it is possible to file a diminished value claim against your own insurance company. In Texas, there are still some courts that will hear a case under the collision portion of your policy, and there is at least one case in Dallas where the trial court agreed that diminished value was part … Read More
I get a lot of questions about what the consumer can do to fight the insurance company when it comes to the value of their total loss. Unfortunately, if you don’t have an adjuster’s license or some other credentials that qualify you to render an opinion on a vehicle’s value, then you are at the … Read More