Autoloss is your diminished value claim expert proudly providing Diminished Value claim services for Diminished Value claims, diminished value appraisers & helping you with all your diminished value questions. Our appraisal experts are here to take care of the hassle for you and get you the most for your diminished value claim. Serving all 50 states and BBB Accredited!
Diminished Value is the loss of a vehicle's market value after an accident. Buyers tend to be less likely to purchase a repaired vehicle, so its value diminishes after an accident. In many cases, you are entitled to the loss in market value. Autoloss helps by providing third party diminished value appraisals to help you potentially recover more from your insurance company.
Depending on the state the accident occurred in and the circumstances surrounding the accident, you may qualify for diminished value. If you do, the insurance company will owe you the difference between the repaired vehicle's value and the value prior to the accident.
Diminished Value is the loss of a vehicle's market value after an accident. Buyers tend to be less likely to purchase a repaired vehicle, so its value diminishes after an accident. In many cases, you are entitled to the loss in market value. Autoloss helps by providing third party diminished value appraisals to help you potentially recover more from your insurance company.
Depending on the state the accident occurred in and the circumstances surrounding the accident, you may qualify for diminished value. If you do, the insurance company will owe you the difference between the repaired vehicle's value and the value prior to the accident.
Services
Since 1996, Autoloss has been involved in appraising 1000s of cars, imported as well as domestic, trucks, exotics, RVs, automotive tools, collector cars, semi-trucks, heavy equipment and boats.
The company has developed a client list which includes The Federal Bureau of Investigation, Drug Enforcement Agency, United Stated Marshall Service, United States Department of Justice, NW Investment Cars, GMAC, Ford Motor Credit, Mazda American Credit and numerous influential lawyers as well as credit unions, banks, and other financial institutions in the nation.
The company has developed a client list which includes The Federal Bureau of Investigation, Drug Enforcement Agency, United Stated Marshall Service, United States Department of Justice, NW Investment Cars, GMAC, Ford Motor Credit, Mazda American Credit and numerous influential lawyers as well as credit unions, banks, and other financial institutions in the nation.
My car was involved in a terrible accident while parked on the street.
Damage was substantial enough that insurance company totaled it and promptly offered a settlement.
But I did not feel the settlement amount was adequate; given it was almost a classical Mercedes in an excellent condition.
Thank you again for your enormous help and expertise.
As you know, after my 2007 Volvo was involved in an accident earlier this fall, I was disappointed with the insurance company's "Diminished Value" they had assigned to the vehicle as a result of the accident.
Damage was substantial enough that insurance company totaled it and promptly offered a settlement.
But I did not feel the settlement amount was adequate; given it was almost a classical Mercedes in an excellent condition.
Thank you again for your enormous help and expertise.
As you know, after my 2007 Volvo was involved in an accident earlier this fall, I was disappointed with the insurance company's "Diminished Value" they had assigned to the vehicle as a result of the accident.
A vehicle that has sustained damage that is not covered by an insurer and the estimated cost to repair the vehicle is equal to at least 80% of the retail market value prior to the damage.
A vehicle that is stolen, if it is not recovered within 30 days of theft and the loss is not covered by an insurer.
In this situation, you must notify DMV within 60 days of the theft.
On vehicles worth more than $5,000, the IRS requires a professional appraisal to receive your tax write-off.
It is still recommended for vehicles under $5,000 to prevent any unnecessary scrutiny from IRS auditors.
A vehicle that is stolen, if it is not recovered within 30 days of theft and the loss is not covered by an insurer.
In this situation, you must notify DMV within 60 days of the theft.
On vehicles worth more than $5,000, the IRS requires a professional appraisal to receive your tax write-off.
It is still recommended for vehicles under $5,000 to prevent any unnecessary scrutiny from IRS auditors.
Have you been searching for a Diminished Value calculator, a website that will give you at least a remotely accurate estimate of what you might be able to expect if you won a settlement?
The question you need to ask yourself is whose interests do they have in mind?
Are they going to spit out an estimate that represents the maximum you deserve or will it be much lower and more palatable for your insurance company?
Even if the site that is giving you a diminished value caculated estimate isn't controlled by the insurance industry, it's still likely you are getting an inaccurate figure derived from a simple formula based on Kelley Blue Book adjusted for rough damage estimates.
The question you need to ask yourself is whose interests do they have in mind?
Are they going to spit out an estimate that represents the maximum you deserve or will it be much lower and more palatable for your insurance company?
Even if the site that is giving you a diminished value caculated estimate isn't controlled by the insurance industry, it's still likely you are getting an inaccurate figure derived from a simple formula based on Kelley Blue Book adjusted for rough damage estimates.
Even if you have a great auto body repair shop, a vehicle isn't the same after a crash.
Unfortunately, many people don't realize they have a Diminished Value case until it comes time to sell the vehicle.
Insurance companies will sometimes award a settlement even if a car has decreased value after it's been repaired.
Doesn't sound fair, right?
Diminished Value is one of the auto insurance industry's best kept secrets.
Some companies will automatically issue an amount for the repair, but never tell the consumer about diminished value.
Unfortunately, many people don't realize they have a Diminished Value case until it comes time to sell the vehicle.
Insurance companies will sometimes award a settlement even if a car has decreased value after it's been repaired.
Doesn't sound fair, right?
Diminished Value is one of the auto insurance industry's best kept secrets.
Some companies will automatically issue an amount for the repair, but never tell the consumer about diminished value.
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