I recently wrote an article where I talked about this super important issue that I’ve had countless discussions about with Tesla owners. Trust me, it’s a topic that’s been making waves because of the parts availability on Teslas that is causing repair times to drag on and there’s a buzz going on with more and more auto manufacturers diving into the Electric Vehicle market.
One thing that really caught my attention is the value of the battery on a Tesla. I’ve seen this issue pop up time and time again, and it’s something I definitely think we should dig into.
If you’re interested or dealing with this, I hope you’ll check out the entire article where I go into detail about my thoughts and opinions on this matter. I genuinely believe it’s a hot topic that deserves some serious discussion. So, click the link below to give it a read, and let’s kickstart a real conversation about how we should be handling these claims.
Thanks for taking the time to dive into this with me!
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 vehicle after it has been in a wreck and then repaired.
Second, let us define Total Loss:
A Total Loss occurs when the insurance company decides that they are not going to repair your vehicle.
There are a few things to realize when you are dealing with an auto claim.
The Petty Details of Total Losses
What should you do when you are dealing with a total loss?
We get so many questions every day from people involved in an accident where their vehicle was totaled and they are now getting a low offer from the insurance company and just don’t know what to do next.
We always tell them that it is always a negotiation and that they have to fight and prove their points with the information we are revealing below today!
We put together some total loss settlement tips to get you moving in the right direction on your auto claim.