Just wanted to get a discussion going about diminished value. Long story short, I was involved in a hit-and-run with a driver and fortunately my camera had caught the license plate. I had over 20K and damage to my Model 3. I hired an appraiser to write me a report which was about 14k in diminished value. After having multiple weeks up going back and forth with the other drivers insurance and multiple escalations to the higher ups, they 100% refusing my DV. At this point I have no other choice than to either file complaint with my state insurance and or sue them in small claims. Has anyone dealt with this before?
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Sueing driver/insurance for diminished value
- Thread starter osubuckeyes88
- Start date
It depends on the state you reside in. In Washington State, insurance companies are required to pay diminished value under certain circumstances. My friend just received this when someone T-boned his 2-week old car. Here is the link for Washington State in case you happen to live here. How to file a diminished value claim after an accident | Washington state Office of the Insurance Commissioner
ATPMSD
Active Member
Diminished Value Claims Explained
A diminished value claim pays you the difference between what your car was worth before the accident and what it's worth now. But you can only make a diminished value claim in certain states and if you didn't cause the accident.
Loco_Nomad
Member
I'm also in the same situation, not sure how much my X lost in value after hit and run, have license plate and all, how do I start the process?
EIon MusI<
Member
Got hit by an uninsured driver. My insurance fixed my MY under uninsured policy, but after asking for the diminished value compensation they sent me a very low-ball check I've rejected. I sent them a an official outside appraisal report, but they've ghosted me. Now I'm in the process of going through the small claims court here in Texas.
