Got into an accident...... got question! - BMW 3-Series (E90 E92) Forum

kinze · 08-22-2012, 05:34 PM

Hey guys,

Thus anyone know how to calculate for the diminishing value of our car once we get into an accident? I just got rear ended, nothing serious but I know it will affect my car's value, I also got a call from AAA that I am entitled to a diminishing value (Insurance need to pay me for the lost of value of my car). now I'm just wondering if anyone know how to calculate it so I will be able to know if the insurance is not ripping me off!

BTW I drive my car hard but it's not my fault, a lady was swerving and miscalculated her distance from my car.

Any suggestions would be very helpful!

Thanks.

NiVeDh · 08-22-2012, 11:13 PM

Sorry to hear that...

Was the damage just cosmetic? How bad was it?

marcus321 · 08-23-2012, 09:56 AM

I got paid 10% of my car value when I had my 350z for a minor fender hit. Driver fender, front bumper and just needed replacing and wheel needed to be touched up from scratches. I was happy enough with it that I took it but I have no idea how they calculate how much you get. I would want more if more damage was done such or if any engine parts had to be replaced.

Rotorocious · 08-23-2012, 11:59 AM

I'm also very curious about this and how to go about proving it.

Needed new frame rails. And they still wouldn't just total it out.

Going on 2 months + without my car

I submitted some info to this site.
http://www.autoloss.com/Services/Onl...-industry.html

We will see what they say

vince217 · 08-23-2012, 12:41 PM

sorry to hear it dude... hope you (and anyone else in the car at the time) were not hurt or shaken up...

kinze · 08-23-2012, 01:19 PM

Thanks for the reply guys. And yes no one got hurt! I hope i will get compensated for the lost value of my car!

Wareagle335 · 08-23-2012, 05:02 PM

i just got a check from insurance compy and it was about 10% of the repairs, not 10% of car value... it was like $340... needless to say i was upset because my car will probably decrease in value more than $340 bucks... tried sending documentation and justification to ins compy and also called them but so far can't get them to budge. I thought i would get more like $1500-$2000. way off.

DKNYATLANTA · 08-24-2012, 09:34 AM

Quote:

Originally Posted by Rotorocious

I'm also very curious about this and how to go about proving it.

Needed new frame rails. And they still wouldn't just total it out.

Going on 2 months + without my car

I submitted some info to this site.
http://www.autoloss.com/Services/Onl...-industry.html

We will see what they say

We're in the same boat, man! I needed a new left front frame rail and its been 6 weeks and counting- -still don't have my car back yet.. I recieved a check for $350 diminished value (to contrast, the damage ended up being about $12,500- -once they discovered the frame issue).

Rotorocious · 08-24-2012, 10:20 AM

Quote:

Originally Posted by DKNYATLANTA

We're in the same boat, man! I needed a new left front frame rail and its been 6 weeks and counting- -still don't have my car back yet.. I recieved a check for $350 diminished value (to contrast, the damage ended up being about $12,500- -once they discovered the frame issue).

I'm up to about 13k now. Both rails replaced

08-22-2012, 05:34 PM	#1
kinze Second Lieutenant Drives: E90 Join Date: Jun 2011 Location: ATL Posts: 200 iTrader: (2)	Got into an accident...... got question! Hey guys, Thus anyone know how to calculate for the diminishing value of our car once we get into an accident? I just got rear ended, nothing serious but I know it will affect my car's value, I also got a call from AAA that I am entitled to a diminishing value (Insurance need to pay me for the lost of value of my car). now I'm just wondering if anyone know how to calculate it so I will be able to know if the insurance is not ripping me off! BTW I drive my car hard but it's not my fault, a lady was swerving and miscalculated her distance from my car. Any suggestions would be very helpful! Thanks. __________________ drives Msport conversion///BBS CHs///BMW Performance///BMS Powerbox///ST V1 Coils///M3 tri-Stitched///paddle shifter delete
	Tweet

08-23-2012, 11:59 AM	#4
Rotorocious Major Drives: 335i Join Date: May 2010 Location: Florida Posts: 1,220 iTrader: (3)	I'm also very curious about this and how to go about proving it. Needed new frame rails. And they still wouldn't just total it out. Going on 2 months + without my car I submitted some info to this site. http://www.autoloss.com/Services/Onl...-industry.html We will see what they say Last edited by Rotorocious; 08-23-2012 at 12:30 PM.

08-23-2012, 12:41 PM	#5
vince217 Private First Class Drives: e92 328i, e83 2.5i Join Date: Jul 2012 Location: ATL Posts: 159 iTrader: (0) Garage List 2005 BMW X3 2.5i E83 [0.50] 2008 BMW 328i E92 [2.75]	sorry to hear it dude... hope you (and anyone else in the car at the time) were not hurt or shaken up... __________________

08-23-2012, 01:19 PM	#6
kinze Second Lieutenant Drives: E90 Join Date: Jun 2011 Location: ATL Posts: 200 iTrader: (2)	Thanks for the reply guys. And yes no one got hurt! I hope i will get compensated for the lost value of my car! __________________ drives Msport conversion///BBS CHs///BMW Performance///BMS Powerbox///ST V1 Coils///M3 tri-Stitched///paddle shifter delete

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

08-22-2012, 11:13 PM	#2
NiVeDh Major General Drives: '08 E90 335i 6MT BSM Join Date: Apr 2009 Location: Atlanta / Lawrenceville, GA Posts: 8,020 iTrader: (131) Garage List 2008 BMW 335i Sedan [4.46]	Sorry to hear that... Was the damage just cosmetic? How bad was it?

08-23-2012, 09:56 AM	#3
marcus321 First Lieutenant Drives: e92 335i Join Date: Aug 2011 Location: Raleigh, NC Posts: 370 iTrader: (0)	I got paid 10% of my car value when I had my 350z for a minor fender hit. Driver fender, front bumper and just needed replacing and wheel needed to be touched up from scratches. I was happy enough with it that I took it but I have no idea how they calculate how much you get. I would want more if more damage was done such or if any engine parts had to be replaced.

08-23-2012, 05:02 PM	#7
Wareagle335 First Lieutenant Drives: 2007 335i Coupe - Space Gray Join Date: Sep 2010 Location: Atlanta, GA Posts: 313 iTrader: (17) Garage List 2007 335i Coupe e92 [0.00]	i just got a check from insurance compy and it was about 10% of the repairs, not 10% of car value... it was like $340... needless to say i was upset because my car will probably decrease in value more than $340 bucks... tried sending documentation and justification to ins compy and also called them but so far can't get them to budge. I thought i would get more like $1500-$2000. way off.