Many of our clients present diminished value claims prior to allowing their vehicles to be repaired. This is in an effort to convince the insurance company to total the vehicle. A $30,000 car with a $15,000 repair estimate that includes frame damage will potentially lose $15,000 in value. If the insurer is on the hook for both payments + rental reimbursement it certainly makes more sense for them to total the car and recoup the salvage value.
This would be a make a worthwhile article. Most people do not realize that they can make a third-party claim for inherent diminished value but even fewer don’t know that they can present the claim prior to repairs. The added benefit is that many of these unsafe, frame-damaged cars would be taken off the road.
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Many of our clients present diminished value claims prior to allowing their vehicles to be repaired. This is in an effort to convince the insurance company to total the vehicle. A $30,000 car with a $15,000 repair estimate that includes frame damage will potentially lose $15,000 in value. If the insurer is on the hook for both payments + rental reimbursement it certainly makes more sense for them to total the car and recoup the salvage value.
This would be a make a worthwhile article. Most people do not realize that they can make a third-party claim for inherent diminished value but even fewer don’t know that they can present the claim prior to repairs. The added benefit is that many of these unsafe, frame-damaged cars would be taken off the road.