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post #1 of 3 Old 11th January 2017, 09:52 PM Thread Starter
maggasp
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Diminished Value Claim with insurance

Hi all,

Looking for some advice dealing with an insurance company… 3 weeks ago I was rear-ended (by a new Cayenne GTS) and my car suffered damage to the rear bumper, muffler, trunk, and rt. brake light. It’s now being repaired by the highest-end body shop in town paid for by the other driver’s insurance (approx. $8k). The shop believes that the repairs can be done fully, obviously I’ll do a thorough inspection.

I brought up Diminished Value with the insurance co. and they played dumb about how best to handle that part of the claim. So here’s where I need some help…how do I illustrate the loss in value now that there are repairs and an accident reported on the Carfax?

Car: 2008 6MT w/ 35k miles. Excellent condition (before wreck). Black.

I believe the car was worth $30k+ with a clean Carfax. Now what will it be worth? $25k? Obviously ours are not the average commuter car, and any table or formula they use won’t accurately reflect the market.

Thanks

Last edited by maggasp; 11th January 2017 at 09:53 PM.
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post #2 of 3 Old 11th January 2017, 10:18 PM
drewTT
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Sorry to hear. This is my worst nightmare. A super clean M5 is pretty rare these days and definitely worth more then what KBB says.

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post #3 of 3 Old 12th January 2017, 12:31 AM
robertstrendell
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When this happened to me they only gave me 2k and I was well in the 6k. Range I even threaten to take them to court lol they told me to do that.


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