Diminished Value States
Instructor
Joined: Nov 2010
Posts: 141
Likes: 35
From: Fort Pierce Florida
States that permit Diminished Value claims
Third-party diminished value claims (claims against the other guy's company) are allowed in every state except Michigan.
Certain states have funky interpretations such as West Virginia which only allows third-party diminished value claims if the vehicles have sustained structural damages. They have buried their heads in the sand if they think that repaired cars without structural damage don't lose value.
You should always check with the insurance department in your state for clarification.
Instructor
Joined: Jul 2015
Posts: 169
Likes: 36
From: Houston Texas
In Texas you have to ask/demand from insurance company. If you don't ask I assure you they will not offer. I truly hate dealing with insurance companies no matter auto or home. It's always a struggle and the treat you like crap. Funny how nice they are when your in the market to buy insurance but you are definitely in for a beating if you file a claim.
Pro
Joined: Oct 2005
Posts: 642
Likes: 12
From: West Chester Ohio
[QUOTE=Classic-Chevy-Guy;1592363739]Is there a list of States which will permit Claims for Diminished Value?
I am waiting on a diiminished value claim recovery myself.make sure you get an appraisal from a professional appraiser in order to build your case. The 3rd party insurance co. will initially balk if there isn't structural damage in order to try and get out of paying DMV.You'll also need to file a specific claim.
I am waiting on a diiminished value claim recovery myself.make sure you get an appraisal from a professional appraiser in order to build your case. The 3rd party insurance co. will initially balk if there isn't structural damage in order to try and get out of paying DMV.You'll also need to file a specific claim.
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Melting Slicks
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In Texas you have to ask/demand from insurance company. If you don't ask I assure you they will not offer. I truly hate dealing with insurance companies no matter auto or home. It's always a struggle and the treat you like crap. Funny how nice they are when your in the market to buy insurance but you are definitely in for a beating if you file a claim.
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Joined: Oct 2012
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From: Austin Texas
St. Jude Donor '15
