Understanding Diminished Value: First Party vs. Third Party If the accident you were involved in was not your fault, diminished value is probably owed to you. As such, a third party claim is entitled to diminished value no matter what part of the United States the accident has occurred in. On many occasions, clients have… Read More
Frame Related Diminished Value
Posted: January 12, 2018
Modern trucks, vans, and SUVs have specific repair requirements that make them susceptible to frame-related diminished value. Body-on-frame vehicles are not as simple as they used to be. Design changes in late-model trucks and SUVs add to the repair complexity of these full-frame vehicles. Highly engineered crush zones are now a part of designs that… Read More
Body Shops Pressured to Hide Frame Damage on Repair Orders
Posted: January 6, 2018
Client’s Experience Reveals Insurance Company Tactic to Avoid Paying Diminished Value Our clients have shared some fascinating stories of their experiences with collision repair shops and the insurance industry. One client’s car was hit while stopped at a traffic light. The other driver was at fault and they accepted responsibility. This is where it gets… Read More
What Your Auto Body Shop Fails to Tell You
Posted: January 2, 2018
When you’re in a wreck make sure you go to an Appropriate/ Certified Repair Shop — and don’t go to a Direct Repair Facility for the Insurance Company. Approved Shops or Direct Repair Facilities work for the insurance company not you Insurance Companies with Repair Shops negotiate a pre-set rate to repair your vehicle. Many… Read More
Flood Cars — NICB Access to Hurricane Claims
Posted: December 28, 2017
How do you know if your vehicle was one of the unfortunate victims of a flood or hurricane? It is possible that these flood-damaged vehicles will be cleaned up and sold before their titles reflect such damage. By the time you find out, months may pass and you will have to discover and pursue legal… Read More
Diminished Vehicle Value: A Simple Case of Supply and Demand
Posted: December 22, 2017
One of the basic reasons for the diminishing value of a vehicle after an accident is simple supply and demand. Results from a survey we conducted in 2009 of more than 4,700 respondents found that 60 percent of them would not even buy a vehicle that had frame damage. Even with a vehicle that did… Read More
First Case On Diminished Value, 1840
Posted: December 20, 2017
Consider one of the first recorded cases where repairs couldn’t restore property to its preloss condition, and a DV cash payment made up the difference. Massachusetts’ Supreme Court heard the case known as “Samuel Giles & Another v. The Eagle Insurance Company” in 1840. One interesting point: The repairs were shorted at the property owner’s request (to prevent a… Read More
States with the Highest (and Lowest) Car Insurance Rates
Posted: November 12, 2017
States With the Highest (and Lowest) Car Insurance Rates If you’re in the market for new car insurance, depending on where you live, you may also want to be in the market for a new residence. Here is a look at some of the most and least expensive car insurance rates by state, according to… Read More
Essentials of a Diminished Value Report
Posted: November 1, 2017
Essentials of an Effective Diminished Value Report If you are seeking a Diminished Value claim on a vehicle, when filing the claim with the insurance company, one essential element is the Diminished Value report. Not all reports are created equal. It’s important that it lays out all the important details, stating your case in the most effective manner possible…. Read More
Diminished Value Claims for Toyota
Posted: October 22, 2017
Diminished Value Claims for Toyota Toyota makes some of most popular vehicles on the market, so it’s only logical that many of the cases we deal with are those on behalf of Toyota owners. It’s especially important for Toyota owners to be aware of their Diminished Value claims rights since Toyota’s certified used vehicle Program rejects cars damaged in… Read More
