Diminished value claims around Sacramento, CA region

[norazi]

Expect around 30% of the total repair bill for DVC

 

[Poprex911]

Yes, you can still claim DV.

Your conflict is technically not with the insurance company, it's with the person who hit you. You are ultimately claiming damages from the at-fault party. And if needed, you would sue the person who hit you, not Geico.

However, as the insurance company, Geico would have to represent the client and pay out any damages. Regardless of whether you are a GEICO customer or not, they are going to do whatever they can to avoid paying out.

so what ended up happening?

 

[hek8560]

Hello,

I was hit by a Geico customer as well. Where can I file a diminished value claim with Geico? I don't see it anywhere on the Geico website. Thanks

 

[Carbonfiber]

Any advice or suggestions on how to claim diminish value if the other insurance company is non responsive?

 

[MatildaModelY]

Any advice or suggestions on how to claim diminish value if the other insurance company is non responsive?

which company is the other person's insurance?

 

[TMYB-C1]

so what ended up happening?

I picked up my car from the body shop on 08/12, took another 2 days to get it wrapped with PPF bringing my loss of use claim to 45 days, 3.4k for the MY I rented from Hertz which was paid out in full on 08/24.

I am using THE TESLA DIMINISHED VALUE PROJECT | TESLA MOTORS AUTOMOBILE DIMINISHED VALUE APPRAISER IN ALL 50 STATES to put together my diminished value claim which I hope to submit by 09/02, will update once this is complete.

Getting paid in full for the rental was my biggest concern, the diminished value claim is more so icing IMO as I do not plan to sell the vehicle. Worst case I got to drive a 22' vision only MY for a month and a free detail, best case I made some money because of the diminished value claim.

 

[Carbonfiber]

which company is the other person's insurance?

Travelers Property and Casualty Company of America

 

[tapotti]

Update:

Been going back and forth with the at fault insurance company. They aren't budging from 2k. I'm having a hard time finding an attorney willing to take the case. I could always go small claims I suppose.

 

[MatildaModelY]

I would then ask them for a letter (as a previous person said on TMC somewhere, maybe here?) stating that they are not willing to go above $2k. Then say you need this letter so you can sue the person directly.

 

[MatildaModelY]

Also is there actually more than $2k in diminished value?

 

[patmurphey]

I saw about $6,000 loss in a Q3 with a rear bumper and associated bracketing and parts replacement, all factory new, and no body damage. All it took was a minor accident report in Carfax. In my opinion Carfax should be subject to a class action lawsuit for the harm they cause in broad brush reporting.

 

[steph280]

Curious if you ever got the insurance to budge? In similar situation and wanted to see my course of action.

 

[Zalick]

Update:

Been going back and forth with the at fault insurance company. They aren't budging from 2k. I'm having a hard time finding an attorney willing to take the case. I could always go small claims I suppose.

Try this firm. Found online

“Diminished Value” - Could these words get you more money after a car accident?

Your new car is now damaged and needs repair. Unfortunately, even a repaired car will most likely be worth less than before the accident.

www.capcitylaw.com

 

[MatildaModelY]

Try this firm. Found online

“Diminished Value” - Could these words get you more money after a car accident?

Your new car is now damaged and needs repair. Unfortunately, even a repaired car will most likely be worth less than before the accident.

www.capcitylaw.com

Tell them you’d like a letter stating they are not willing to give you closer to what you’re asking for. So then you can go sue their policy holder directly. They should then budge a bit once you say this.

 

[Vinny809]

I stumbled upon this:

DV Explained - Tiger DV

I will use this service and respond back if anyone is interested.