Sometimes, when you invoke the appraisal clause, the two appraisers get in a sticky situation where they don’t agree and one tries to make up unwritten rules on the idea of “that is what we have always done”.
This case was one of those.
The owner had been through a pretty horrific hail storm and his new vehicle was totaled in the process. When he got his offer, he felt like it was pretty low. We took a look and agreed that his valuation contained the typical problems they normally do and seemed to be several thousand dollars off.
Robert found out how effective our products are by proving his diminished value loss with our one page DV Analysis. We only use this product when the expert suggests it but Robert’s case was the reason we created this product!
Ain’t gonna lie….his claim was risky.
Diminished Value Claim Overview:
Low damages resulting in a low DV claim against a trucking company. Lots of things working against him on this claim but our DV Analysis helped him attack his claim with expert guidance right from the start and an appraisal based on sound methodology to make a demand with.
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! It paid our client $5000 to be precise!
Let’s start this article out right with the great news! We just had a client go to court in Collin County, Texas and she got a big win thanks to our appraisal, expert help and our attorney who stepped in to get that case into court! More details about that case are a few paragraphs below so keep reading!
The Norm for Uninsured Diminished Value Claims – a BIG FAT DENIAL
Believe it or not, the vast majority of insurance adjusters do not get any training on how to handle an uninsured motorist diminished value claim. In fact, insurance companies routinely refuse to pay for uninsured motorist diminished value claims and make up all kinds of excuses why they don’t owe for them. It’s just a claims handling tactic meant to deter people that don’t have much wherewithal or persistence. With just a little bit of research, you can prove to yourself that your own insurance company owes you for any inherent diminished value you sustain due to an uninsured or under-insured motorist.
The best case to cite for a Texas uninsured motorist diminished value claim is the Noteboom vs. Farmers case that you can easily find with an internet search.
Now, don’t get all excited since you now know the truth.
You can rest assured that even with the exact right answer and perfect evidence, the insurance company will balk and typically refuse to pay anything near the real diminished value amount. When that happens, you have to know how to bring your claim to a close without messing up your ability to use the court system.
How Can You Fight for Diminished Value on your Uninsured Motorist Policy?
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 start today with our latest success on a little known power you have against your own insurance company (1st party claim) if you have a total loss:
THE APPRAISAL CLAUSE!
Even if you know about the appraisal clause, it doesn’t mean it will be effective for you since most insurance companies have their own idea about how the appraisal clause works (even though it is in black and white in the contract) so you have to have an experienced expert that knows the rules and how to navigate the process legally. We have inside knowledge that the appraisal clause is on top of everyone’s mind working inside the claims department because it is costing them a ton of money to defend the practices of their uneducated adjusters.
Thomas was one of those customers that really mulled over the decision to pursue his diminished value. He got a free claim consultation and months passed before he finally called back in ready to fight for his 2013 GMC Acadia Denali diminished value and he walked away with $4,000!
Jason lives in California and he dealt with the normal slow paced adjuster and the holiday rush while trying to get his diminished value claim on his 2011 Audi S5 settled and he hired us after the insurance company told him they needed expert proof to pay diminished value. That is where we stepped in and did what we do best: we did our research gave guidance and support to our client throughout his claim!
Our client, Ed, started his claim out the right way and that was by doing his research about 2013 Chrysler 200 diminished value while his car was still in repair and requested a free consultation with us right away. He was fighting with an insurance company that was open-minded about being fair when giving him an offer and a little back and forth on his end got him a settlement of $2000!
New Win – Diminished Value on a Modern Collectible Vehicle!
Lisa had one heck of a fight oh her hands after being wrecked into in her very cherished 2002 Chevrolet Camaro Special Anniversary Edition. She had taken careful care of her rare modern collectible vehicle and was not going to take less than she was owed when fighting for her diminished value. Read more
Diminished Value On A Modern Collectible – $5,000 on a 2002 Chevy Camaro Special Anniversary Edition! October 22nd, 2017Jen Petty
Another success to brag about and this time it’s a 2013 Kia Sorento diminished value win! Amber had a pretty bad wreck with over $10,000 damages to her 2013 Kia Sorento and luckily she hired a law firm that was familiar with our stellar diminished value services and decided to hire us for the case. The claim was against an insurance company that is notorious for just saying no, no matter what, but that never stops us from fighting! Read more
2013 Kia Sorento Diminished Value Win – $3000 Settlement! October 22nd, 2017Jen Petty
Scott’s Audi A6 Diminished Value case is the kind we love to talk about! After an auto accident, he was lucky enough to have a professional on his side in the repair industry who mentioned diminished value to him and sent him our way. We took a look at his case and he was definitely owed a substantial amount of diminished value on his clean 2012 Audi A6 Quattro Premium Plus and hired us after a quick consultation. Read more
Audi A6 Diminished Value Success in Dallas! October 22nd, 2017Jen Petty