Comments on: auto involved in a accident, insurance claim. . diminished value? http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/ Ask about Auto Insurance information Sat, 31 Jul 2010 10:03:37 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: CwboyBill http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/comment-page-1/#comment-1674 CwboyBill Mon, 08 Feb 2010 06:06:48 +0000 http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/#comment-1674 Some states do not allow DV on an insurance claim. Besides, even with $4,500 in repairs the value of the vehicle will only drop about $200, NOT the amount of repairs like many people believe. Some states do not allow DV on an insurance claim. Besides, even with $4,500 in repairs the value of the vehicle will only drop about $200, NOT the amount of repairs like many people believe.

]]> By: MSAD http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/comment-page-1/#comment-1673 MSAD Mon, 08 Feb 2010 05:26:54 +0000 http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/#comment-1673 Your vehicle is 8 years old - 2008 models are out. Your car is diminished because of its age. You have no diminished value claim. Your vehicle is 8 years old – 2008 models are out. Your car is diminished because of its age. You have no diminished value claim.

]]> By: oklatom http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/comment-page-1/#comment-1672 oklatom Mon, 08 Feb 2010 05:12:51 +0000 http://www.autosinsurances.com/auto-involved-in-a-accident-insurance-claim-diminished-value/#comment-1672 If your vehicle is repaired to be as it was before the accident, or if it is totaled and you get the fair market value, how is there any diminished value? You had a side panel, it was used and as old as the car. It got bent. The insurance paid for a new panel to be put on and painted. It's new. Where is there any diminished value? If you carefully read your policy, most of them specifically state there is no compensation for any diminished value, claims for that are specifically excluded. If your vehicle is repaired to be as it was before the accident, or if it is totaled and you get the fair market value, how is there any diminished value? You had a side panel, it was used and as old as the car. It got bent. The insurance paid for a new panel to be put on and painted. It’s new. Where is there any diminished value?

If you carefully read your policy, most of them specifically state there is no compensation for any diminished value, claims for that are specifically excluded.

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