When your car is involved in an accident, even after repairs, its market value often drops. This is what we refer to as diminished value—the difference in your vehicle’s worth before and after the collision. If you’re insured by USAA, navigating their diminished value claims process can be challenging. Here,
Filing for diminished value after an accident can be tricky. Many people miss out on the money they deserve because they make simple mistakes. “Diminished value” (DV) means your car is worth less even after it’s fixed. But getting that money isn’t always easy. You might not know you can
The appraisal clause is often used in insurance policies to resolve disputes between the policyholder (insured) and the insurance company (insurer) over the value of a covered loss, usually if the car is a total loss or in some diminished value cases. Below are the basic steps for resolving an
In the complex world of auto insurance, understanding the tactics insurance companies use to lowball your diminished value claim is crucial. At Diminished Value of Georgia, we’ve seen firsthand how these strategies can significantly affect your compensation This article explores these tactics and offers insights on how to counter them
What is Diminished Value? Diminished value is the reduction in your vehicle’s resale value after it has been involved in an accident and repaired. This loss in value can affect what you might receive if you decide to sell or trade in the vehicle later on since consumers tend to
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!
Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.
Seven things to look for when choosing an appraisal company
Wondering how much your vehicle lost in Value? Click the button to know more.
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