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Accident - Diminished Value Claims

Discussion in 'Model S: Interior & Exterior' started by Teslove, Nov 21, 2013.

  1. Teslove

    Teslove New Member

    Joined:
    Nov 21, 2013
    Messages:
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    Location:
    Florida
    If your Tesla was damaged in an accident and repaired, has anyone sought diminished value damages for the reduced value of your car?

    As I understand it, if you have a reported accident, the accident / repair will appear on a Carfax and similar reports. As a result, you will receive less for for the car, when you go to sell it. The diminished value claim recognizes the loss of market value of your vehicle resulting from accidental damage.

    How did you go about proving the diminished value amount? What amount did you receive? How big a fight did you have with the other person's insurer?

    Thanks
     
  2. DriverOne

    DriverOne Member

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    421
    Location:
    Austin, TX
    I'm at the beginning of this process. I'm told people have been successful with Teslas. The hard part is that there are very few comparables; few Model S' for sale, and close to zero for sale that have had damage. So you have to go off similarly-priced cars.
     
  3. Jason

    Jason Member

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    Hey DriverOne, would you share who you are using - you can PM the info if you don't want to post it.

    Thanks
     
  4. Teslove

    Teslove New Member

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    Jason

    If you find someone or hear from Driverone, I would appreciate a post or PM

    Thanks

    - - - Updated - - -

    Jason

    If you find someone or hear from Driverone, I would appreciate a post or PM

    Thanks
     
  5. Seven7

    Seven7 Member

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  6. Seven7

    Seven7 Member

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    Yes, I'm working on a diminished value claim, but it's not going to be easy because so few teslas's have been wrecked the same way, send me an e-mail if you want to discuss it.
     
  7. Jason

    Jason Member

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    Location:
    DFW, TX
    I found someone but only for Texas. Apparently it is different for every state.


     
  8. lloyds

    lloyds Member

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    Worth a try. I didn't have any luck on my last ICE when I tried to claim it after someone tboned me.
     
  9. DA808EV

    DA808EV Member

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    SoCal
    For those of you that have received a claim, do you have any update on which appraisal company you used and the outcome?
     
  10. Curly Sue

    Curly Sue Member

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    Apr 22, 2014
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    Location:
    California
    St. Lucie Appraisal handles diminished value in all 50 states. There's a guy in Texas named Justin Petty who is supposed to be good. All the rest have horrible reviews in BBB, Ripoff Report, etc.
     

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