Diminished Value
Appraisals
Wondering how much your car lost in value? Please click the button below and one of our licensed appraisers will gladly review your damages and provide you with a free diminished value quote.
Recover Your Losses With a Diminished Value Claim
When your vehicle is damaged in an accident, and repairs can’t fully restore its pre-accident condition, it incurs “diminished value.” In many states, you can file a claim with the at-fault driver’s insurance company to be compensated for this loss in value.
What is Diminished Value?
Diminished Value, or Loss in Value, is the decrease in your vehicle’s resale value following an accident or incident like a collision, fire, flood, or hail.
At True Appraisal, we empower you to comprehend the consequences of this value loss, no matter where you are in the United States.
do i qualify for diminished value?
Disqualifying circumstances can prevent you from making a Diminished Value claim for your car in any part of the United States:
Age & Mileage
You have a vehicle that is more than 10 years old and has excessive mileage (+ 30K miles per year).
Car Market Value
Your vehicle does not have a substantial market value (cars under $7,000).
Minimal Damage
The accident caused minimal damage (usually under $500).
Vehicle History
If your vehicle has a branded title, a history of multiple severe accidents, or if you've already signed a release of liability form.
dont leave money on the table
Do you want to challenge the insurance company’s unfair assessment? You can level the playing field by providing the insurance company with a USPAP compliant car appraisal report to accurately quantify your loss.
- Multi-Point vehicle inspection
- Vehicle History Report
- Repair Quality Analysis
- The loss in Value Amount
- Automotive industry guide
Get your rightful money with a diminished value appraisal
Don’t waste precious time or settle for less than you rightfully deserve. Take charge of your loss in value claim now and ensure you’re fully compensated for your loss.
Act today, and let us help you secure the compensation you’re owed. Your financial well-being is worth it.
free quote
Find out what your car is really worth!
Our licensed appraiser will review your vehicle’s condition and provide you with a FREE Diminished Value quote.
Our dedicated team is here to support you every step of the way, ensuring that you are fully informed about the compensation you are entitled to.
Frequently Asked Questions
Explore common queries about DV claims and getting the most from your compensation. Get the information you need to make informed decisions.
A diminished value settlement typically ranges between 10% and 25% of the fair market value of the vehicle, depending on a variety of factors. To calculate your DV, click here.
You are not required to accept the valuation of the insurance company.
Despite the fact that many individuals tend to agree and may potentially lose out on rightful compensation, most insurance companies calculate Diminished Value using the 17c formula.
In spite of its shortcomings, the 17c formula allows adjusters to adjust certain compensation amounts based on the specific situation.
If you use our proven claim process and the insurance company does not pay at least the appraisal cost, we will gladly refund 100% of the appraisal cost.
Typically, loss in value claims are resolved within two to six weeks. However, some may be settled even sooner. It can be beneficial to regularly check in with the insurance company to expedite the process.
If you find that your claim is being delayed and the insurance company is uncooperative, you may consider filing a complaint with the department of insurance in your state. This step can hold them accountable and prompt a response regarding your claim.