Don't give up diminished value without checking with Expert Appraisal Group.

Diminished Value is defined as that portion of a damaged vehicle’s pre-Loss Value that has Not been restored through the repair process. There are actually three (3) basic types of Diminished Value:

  1. Immediate Diminished Value is the difference in resale value of a vehicle immediately before damage has occurred and immediately after damage has occurred (prior to repair). Most jurisdictions (courts) will use this standard as the primary measure of damage when courts are employed to seek reimbursement for damage from a negligent party. As courts are rarely the chosen venue for recovery of property damage, the standard of “Immediate Diminished Value” is rarely employed in resolving Property Damage claims …
  2. Inherent Diminished Value assumes optimal repair quality has been achieved and is defined as the amount by which the resale value of a repaired vehicle has been reduced simply because the subject vehicle now has a significant damage history. “Inherent Diminished Value” is the most widely recognized and accepted form of Diminished Value. It is also the basis upon which any supplemental form of Diminished Value would be added. A common “Supplemental” form of Diminished Value is “Repair Related Diminished Value” …
  3. Repair Related Diminished Value includes any additional amounts by which the resale value of a subject vehicle may be further reduced because of less-than-optimal repairs. This could include anything from minor cosmetic imperfections to major structural defects.

Do I Have Diminished Value?

Maybe, if your vehicle has No Prior Significant Damage History. Contact us for more information.

Can I Collect Diminished Value (state-by-state)?

From the at-Fault Party’s Insurance Company

YES; in Every State except Michigan.

If the at-Fault Party has No Insurance

YES; under your own policy’s Uninsured Motorist Coverage, but only in the following states:

  • Alaska
  • Arkansas
  • California
  • Delware
  • District of Columbia
  • Georgia
  • Hawaii
  • Illinois
  • Indiana
  • Louisiana
  • Maryland
  • Mississippi
  • New Jersey
  • New Mexico
  • North Carolina
  • Ohio
  • Oregon
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia

How Do I Collect Diminished Value?

By providing the insurance company with a professionally prepared Diminished Value Report that documents the extent of your Diminished Value, explains the methodology by which the extent of Diminished Value was determined and includes independent recognized authority that supports the assessment expressed in the report.

If you are ready to get your diminished value report that will help you claim your Diminished Value and get your money, click below.