Need Diminished Value Info

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Oct 12, 2004 | 08:15 AM

Tom/99

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Joined: Jun 1999

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From: Houston,Texas USA

Need Diminished Value Info

My 65 Coupe was hit in the left rear two weeks ago. The insurance company is giving me a hard time with repairing my car. The initial estamate is over $4,600. It was hit hard enough to causr the paint on the roof of the car to crack.
What do I need to do, to prove to the insurance company that the car, even after repairs, is no longer worth what it was prior to being hit.
Thanks

Oct 12, 2004 | 09:24 AM

0COHMATT

Former Vendor

Joined: Nov 2000

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From: HOUSTON,TX.U.S.A.

Call Chris Zora at 281-362-8258, he is a certified appraiser and specializes in diminished value.

Oct 12, 2004 | 04:04 PM

Tom/99

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From: Houston,Texas USA

Thanks Matt!

Oct 12, 2004 | 08:41 PM

AM.MSCL

Drifting

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From: Austin tx

St. Jude Donor '09

you may need to plan on getting a lawyer that knows how to handle stuff like this also.

Oct 12, 2004 | 09:35 PM

Sebring_C5

Melting Slicks

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From: Austin

Quote:

Originally Posted by Tom/99

Oct 13, 2004 | 01:56 AM

PowerMad

Pro

Joined: May 2002

Posts: 552

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From: Meadows Place Texas

Ouch! That hurts. In my opinion, you should have an attorney familiar with the Zen of Corvette ownership. Your attorney should handle all communications with their insurance company. For your vehicle, dimished value is everything. The value of a clean '65 is far above any insuranced company's idea of the depreciated value for a 1965 vehicle.

In my opinion, talk to a knowledgable lawyer, get him all the info on dimished value. Turn him loose on them.

dave

Oct 15, 2004 | 08:35 AM

Tom/99

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From: Houston,Texas USA

Progressive Insurance feels as I should pay for some of the repairs, since I didn't use a body shop of their choice.
I talked with a couple lawyers yesterday. Since I wasn't injured, they have no interest in thaing the case. I was told my expense would be far more than I would as far as repairs and diminished value.

Oct 15, 2004 | 11:41 PM

reelmcoy

Instructor

Joined: Jun 2004

Posts: 222

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From: Red Oak tx

Quote:

Originally Posted by Tom/99

DO NOT let progressive push you around. You are not responsible for any money since you didn't use a shop of their choice. The law is that you can take it to where ever you want to get your car fixed. What they are trying to do with you is called steering and is illegal. You are a claimant, they have to repair your car to pre accident condition. Stand your ground against Progressive, they are one of the worst insurance companies around for paying for a proper repair. I don't see your car getting fixed for 4600 dollars either. I have been in the collision business for 20 years now, if you have any questions about getting your car repaired feel free to PM me. I would not get your Vette repaired at any old shop, I would take it to someplace that specializes Corvettes. Like maybe a restoration shop.