That’s good to know. I had no idea insurers can also pay for the diminished valueDiminished value has to do with your vehicle now being worth less than it was before it was damaged. Even if it repaired to like new, the record of having been in an accident will impact the value of the vehicle.
Mine was hit by someone similar to the OP but did more damage. Their insure ultimately paid me a sum of money to make up for the diminished value of my Bronco.
I tend to agree, and whom your insurance company is.depends on what the A pillar and apron look like behind the door hinges and fender. being a 24.... probably will fix
How did you go about getting the diminished value? A few years ago I consulted my attorney about it and was told it is very difficult and not worth the effort.Diminished value has to do with your vehicle now being worth less than it was before it was damaged. Even if it repaired to like new, the record of having been in an accident will impact the value of the vehicle.
Mine was hit by someone similar to the OP but did more damage. Their insure ultimately paid me a sum of money to make up for the diminished value of my Bronco.
I brought it up to the opposing insurance company early on, but they deferred and said we don't want to discuss until we get your Bronco fixed. So several months pass, and I bring it up again. They give a response that is low (around $3k), I counter with $6 -7k, and they reject it and say they don't negotiate.How did you go about getting the diminished value? A few years ago I consulted my attorney about it and was told it is very difficult and not worth the effort.
Thank you for the info.I brought it up to the opposing insurance company early on, but they deferred and said we don't want to discuss until we get your Bronco fixed. So several months pass, and I bring it up again. They give a response that is low (around $3k), I counter with $6 -7k, and they reject it and say they don't negotiate.
I had already contacted and talked with a 3rd party (totally online) that helps with DV claims. I talk with them and they give me the verbiage to respond with based on the state that I live in. My state allows for 3rd party arbitration and evaluation of the diminished value. Long story short, the 3rd party allowance from my state per my request forced the insurance company to spend money to do their own 3rd party evaluation, my 3rd party had already done one, and ultimately those two negotiated and settled on a number. The end number was around $9k. So my not negotiating with me the insurance company ended up spending more money.
The firm I worked with can be found by googling DVAC and diminished value. The cost was not much (a few hundred $$), and they helped me understand what I needed to do along the way.
Don't put your health at risk. I'm sure your back and neck have pain somewhere. Especially if the party at fault has good insurance. Consult a lawyer too.2024 Big Bend thats a month old was t boned after other driver blew a stop sign. Curious to know whether they’ll total it or not.
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