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BMW 3-Series (E90 E92) Forum
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Got into an accident...... got question!
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08-22-2012, 05:34 PM | #1 |
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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.
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08-22-2012, 11:13 PM | #2 |
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Sorry to hear that...
Was the damage just cosmetic? How bad was it? |
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08-23-2012, 09:56 AM | #3 |
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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.
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08-23-2012, 11:59 AM | #4 |
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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.. |
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08-23-2012, 12:41 PM | #5 |
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sorry to hear it dude... hope you (and anyone else in the car at the time) were not hurt or shaken up...
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08-23-2012, 01:19 PM | #6 |
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Thanks for the reply guys. And yes no one got hurt! I hope i will get compensated for the lost value of my car!
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08-23-2012, 05:02 PM | #7 |
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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.
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08-24-2012, 09:34 AM | #8 | |
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Quote:
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).
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08-24-2012, 10:20 AM | #9 | |
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