Can you remember the last time you went to a party and everyone was discussing diminished value insurance claims?
Probably not. But Why?
Because most people who have been in a car accident believe they’ve been made whole once the insurance company pays to repair their car.
They’ve never heard of diminished value and they don’t have the slightest idea of what diminished value insurance recovery is.
Whether you know about it or not, chances are you have it after you’ve been in a car accident.
And your diminished value loss could cost you thousands of dollars.
Fortunately, DVCHECK can help.
We’re a nationwide provider of diminished value reports that will help you document, demand, negotiate, and recover your car’s diminished value after a car accident.
Why don’t insurance companies tell you about diminished value?.
They’re in business to make money, just like any other company.
It’s important for insurance companies to control costs and keep their claim payments low.
So as you’re working with them to repair your vehicle, don’t expect them to coach you through the process of filing a claim for your diminished value.
Here’s what you may experience from some insurance companies after your car accident:
- Silence. They’ll move quickly to help you repair your vehicle but they won’t be helpful if you ask them about diminished value.
- Some insurance adjusters who inspect your vehicle won’t be familiar with what diminished value is or how it works.
- Other adjusters or insurance company representatives might make false statements such as “your state doesn’t allow a diminished value claim” or “the insurance company won’t pay for diminished value”.
All of the above are due to a general lack of knowledge about diminished value in the insurance industry.
It’s not your fault the industry struggles with diminished value.
It’s not up to you to fix it either
The laws in all 50 states allow you to be made whole for the lost value of your vehicle after it has been in an accident regardless of whether the companies are familiar with diminished value insurance claims or not.
You’ve lost money and you’re entitled to recover it.
While you have a right to this payment, the burden of proof is on you. So don’t expect the insurance company to make a diminished value payment voluntarily.
You’re going to need to demand this payment.
And you’re going to need to demand it with the help of an expert using industry accepted methods – a company that will support you all the way from when you first make your demand until you receive your check.
Don’t leave money on the table just because companies aren’t up to speed on diminished value insurance recovery.
