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Diminished value claim...

Discussion in 'Model S' started by zambono, Apr 14, 2017.

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  1. zambono

    zambono Member

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    Has anyone completed a diminished value claim after being in a collision not at fault? Bonus points if you have any experience in MD.
     
  2. RichardD

    RichardD Supporting Member

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    In Texas on my Yukon, and it went very smoothly depends alot on the insurance but I got a fair judgement.

    You need to show what the car would be worth traded in with no damage, and then what it is worth now. A good idea is to deal with Tesla and pose the question as if you were going to trade it in for a new Model S, they will give you a fair assessment.
     
  3. zambono

    zambono Member

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    thank you
     
  4. Rockster

    Rockster Active Member

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    I'm in the process of doing so now. After the repairs were complete I obtained DV estimates from two companies specializing in diminished value claims. We're currently butting heads with the at-fault insurer, Progressive, who is reported to be the absolute worst to deal with for diminished value claims.
     
  5. JHWJR

    JHWJR Member

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    Tesla gave me a rough idea what they would offer on my car on trade. Then I took pictures and completed the paperwork. The paperwork did not ask about accidents, but the report I got back was that Tesla's background check revealed an accident about 3 years earlier, and that their offer was significantly lower as a result, perhaps $2,500 or $3,000. It's hard to subtract from the original "range."

    At the time of the accident, I did get my insurer to pay for the damage to my car in terms of repair, but I was given nothing for the reduced value of the car. I doubt my insurer covered such damage. But I should have sued the woman who ran into my back end and claimed diminution in value of the car. I could have had someone estimate the diminished sale value then and claim it. But I didn't think of it.
     
  6. anthony

    anthony Member

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    I have in NH. Pm me if you want details.
     
  7. cab

    cab Member

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  8. BOOMER7

    BOOMER7 Member

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    Airbag deployment in a front end wreck moderately severe usually will be totaled regarding Tesla cars.
    If not totaled you can expect $100k car that has a Carfax accident showing your airbag went off is worth less than half off a car with clean history
    Example car is currently worth 75k retail
    will now be worth 35-40k max if you can even find a buyer.
     

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