Diminished value claim

jprad · 08-30-2012, 10:38 PM

so state farm says that I have to prove the car has diminished in value after the accident or they say it hasn't , anyone gone through this before and have any advice? much appreciation in advance

mkPOTO · 08-30-2012, 10:57 PM

hmm never heard that before, thats something new and keep us posted

jprad · 08-31-2012, 06:40 PM

Quote:

Originally Posted by mkPOTO

hmm never heard that before, thats something new and keep us posted

never heard about diminished value claim or being asked to prove it? will try i've had one filed on my a previous ride..

whilechukwuzout · 08-31-2012, 07:02 PM

Carfax takes things like theft, accidents, rebuild titles, etc into account and spits out a $ adjustment factor for the value of the car based on the data they find. If the accident shows up on carfax it is possible that you could use that as a basis for the drop in value.

ragingclue · 09-05-2012, 01:52 PM

I was under the impression that IL did not allow for diminished value claims. If you get them to bow to your claim, please let us know what did the trick.

08-30-2012, 10:38 PM	#1
jprad Private First Class 5 Rep 103 Posts Drives: 08 e90 335xi Join Date: Jan 2012 Location: Current: nj/nyc iTrader: (0) Garage List 2008 BMW e90 335xi [0.00]	Diminished value claim so state farm says that I have to prove the car has diminished in value after the accident or they say it hasn't , anyone gone through this before and have any advice? much appreciation in advance __________________ I'm the guy running around with jersey plates most likely
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08-30-2012, 10:57 PM	#2
mkPOTO Mr. Nice Says Hello 635 Rep 16,662 Posts Drives: BMW M3 \| X5 xdrive 35i MSport Join Date: Dec 2008 Location: USA iTrader: (25) Garage List 2002 Lexus GS300 [0.00] 2008 BMW E92 M3 [5.58]	hmm never heard that before, thats something new and keep us posted
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08-31-2012, 07:02 PM	#4
whilechukwuzout Private 13 Rep 94 Posts Drives: 09 E92 N54 Join Date: Jun 2011 Location: South Bay Area iTrader: (0)	Carfax takes things like theft, accidents, rebuild titles, etc into account and spits out a $ adjustment factor for the value of the car based on the data they find. If the accident shows up on carfax it is possible that you could use that as a basis for the drop in value.
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09-05-2012, 01:52 PM	#5
ragingclue One cam is enough 130 Rep 6,801 Posts Drives: VF Join Date: Oct 2008 Location: mulletville iTrader: (1)	I was under the impression that IL did not allow for diminished value claims. If you get them to bow to your claim, please let us know what did the trick.
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