who has wrecked but fixed AND went after DV - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

BalogUK · 02-26-2010, 04:27 PM

those of y'all that have gone after the Diminished Value post accident, what have your settlements been?--if you don't mind my asking

ill have my damage estimate on Monday from being rear-ended..but I'm in the process of talking to my appraiser and getting a ballpark number in mind...

thanks, and glad all yall got your cars back and running again!

-Justin

irvinecamaro · 02-26-2010, 04:52 PM

In the process right now, can let you know when it's done.

fredbo · 02-26-2010, 05:07 PM

i got hit and had it fixed

1bacamaro · 02-26-2010, 06:24 PM

I am going threw it right now. One Guy on here got hit
from behind and he got 7000.00

1bacamaro · 02-26-2010, 06:33 PM

Two things to know..... don't turn your claim in until the car is fixed. The cost to fix might go up during the repair due to things unseen. Also check the amount of insurance coverage that person has that hit you. The Guy that hit me only has 25,000 in coverage and two cars have to be fixed. My damage is 12,732.00 and what ever is left over from both repairs is all you can go for. So after the repair there might only be 5 grand left so that's all I can go for.

firestone_ss · 02-26-2010, 07:35 PM

i had 5k in rear end damage and also got another 7k in diminished value,get ready to fight for it,they wont just roll over you have to make a good case

and remember diminished value stands seperate from the repair cost and the medical cost and any pain and suffering settlements

BalogUK · 02-26-2010, 09:47 PM

Quote:

Originally Posted by firestone_ss

i had 5k in rear end damage and also got another 7k in diminished value,get ready to fight for it,they wont just roll over you have to make a good case

and remember diminished value stands seperate from the repair cost and the medical cost and any pain and suffering settlements

thanks guys- firestone- your wreck looks juuuust like mine :(, but I'm imperial blue- that's a perfect case study. I've gone through DV before-- my 07 jetta, and have a great appraiser on call- he does all the Bentley's and Ferrari's here in North Georgia... you always do the appraisal after the fact when the car is done. Georgia is a "must-pay" state too, so let the games begin. It's like negotiating the price of a car- each side haggles etc... Was looking for that happy medium...

Sierra · 02-26-2010, 10:05 PM

Ok stupi question... Diminished Value? I never heard of this.

5thGenOwner · 02-26-2010, 10:13 PM

Quote:

Originally Posted by Sierra

Ok stupi question... Diminished Value? I never heard of this.

What is Diminished Value?

Diminished Value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. This is also known as "Loss of Value".

Am I owed Diminished Value?
After an accident, the insurer is obligated to completely restore your vehicle to the condition it was in before the accident (pre-loss condition). Even after repairs, your vehicle is not in pre-loss condition because of Diminished Value. After an accident you are owed Diminished Value.

http://www.diminishedvalue.com/explained/faq.php#q1

1bacamaro · 02-27-2010, 08:39 AM

I have a company that is going to do my dv value claim. Once the dv claim is figure is reached my lawyer is going to handle it from there. I feel the insurance company is going to low ball me more then they would my lawyer.

BalogUK · 02-27-2010, 03:12 PM

man, i hope Statefarm plays along...i really dont want to deal with any lawyers over this...

Sierra · 02-27-2010, 11:53 PM

Quote:

Originally Posted by 5thGenOwner

What is Diminished Value?

Diminished Value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. This is also known as "Loss of Value".

Am I owed Diminished Value?
After an accident, the insurer is obligated to completely restore your vehicle to the condition it was in before the accident (pre-loss condition). Even after repairs, your vehicle is not in pre-loss condition because of Diminished Value. After an accident you are owed Diminished Value.

http://www.diminishedvalue.com/explained/faq.php#q1

Never knew about this.

02-26-2010, 04:27 PM	#1
BalogUK THE architect. Drives: 2SS/RS M6 Join Date: Mar 2009 Location: Suwanee, GA/Seeley Lake, MT Posts: 837 View My Garage	who has wrecked but fixed AND went after DV those of y'all that have gone after the Diminished Value post accident, what have your settlements been?--if you don't mind my asking ill have my damage estimate on Monday from being rear-ended..but I'm in the process of talking to my appraiser and getting a ballpark number in mind... thanks, and glad all yall got your cars back and running again! -Justin __________________ #34122 EMPTIED, AT YARD ON 8/26/09; Delivered 9/07/09 MODS: Borla ATAK Cat-Back GFX (#140378), 35% Ceramic all-around, CAI, Inc. Intake w/ Scoop, Hurst Short Throw, Heritage Grille, GM Dove Tail, Laser Interceptor Triple v8.9, Passport Max, Pfadt ZL Stage 2

02-26-2010, 07:35 PM	#6
firestone_ss Drives: 2010 camaro ss Join Date: May 2009 Location: Tacoma WA Posts: 779	i had 5k in rear end damage and also got another 7k in diminished value,get ready to fight for it,they wont just roll over you have to make a good caseand remember diminished value stands seperate from the repair cost and the medical cost and any pain and suffering settlements

02-26-2010, 10:05 PM	#8
Sierra Drives: 2004 GMC Sierra SLT 4x4 Join Date: Feb 2008 Location: Southern NJ Posts: 1,049	Ok stupi question... Diminished Value? I never heard of this. __________________ On the 8th day God created the Camaro and all is good.

02-27-2010, 03:12 PM	#11
BalogUK THE architect. Drives: 2SS/RS M6 Join Date: Mar 2009 Location: Suwanee, GA/Seeley Lake, MT Posts: 837 View My Garage	man, i hope Statefarm plays along...i really dont want to deal with any lawyers over this... __________________ #34122 EMPTIED, AT YARD ON 8/26/09; Delivered 9/07/09 MODS: Borla ATAK Cat-Back GFX (#140378), 35% Ceramic all-around, CAI, Inc. Intake w/ Scoop, Hurst Short Throw, Heritage Grille, GM Dove Tail, Laser Interceptor Triple v8.9, Passport Max, Pfadt ZL Stage 2

02-26-2010, 04:52 PM	#2
irvinecamaro Drives: Used to be 2010 2SS Join Date: Sep 2009 Location: Irvine, CA Posts: 142	In the process right now, can let you know when it's done.

02-26-2010, 05:07 PM	#3
fredbo Drives: black 2010 LS Join Date: Jan 2009 Location: mississippi Posts: 219 View My Garage	i got hit and had it fixed

02-26-2010, 06:24 PM	#4
1bacamaro Drives: 2ss Join Date: Nov 2009 Location: naples florida Posts: 432	I am going threw it right now. One Guy on here got hit from behind and he got 7000.00

02-26-2010, 06:33 PM	#5
1bacamaro Drives: 2ss Join Date: Nov 2009 Location: naples florida Posts: 432	Two things to know..... don't turn your claim in until the car is fixed. The cost to fix might go up during the repair due to things unseen. Also check the amount of insurance coverage that person has that hit you. The Guy that hit me only has 25,000 in coverage and two cars have to be fixed. My damage is 12,732.00 and what ever is left over from both repairs is all you can go for. So after the repair there might only be 5 grand left so that's all I can go for.

02-27-2010, 08:39 AM	#10
1bacamaro Drives: 2ss Join Date: Nov 2009 Location: naples florida Posts: 432	I have a company that is going to do my dv value claim. Once the dv claim is figure is reached my lawyer is going to handle it from there. I feel the insurance company is going to low ball me more then they would my lawyer.