Learn about Diminished Value Claims in Louisiana, Mississippi & Alabama
A Simple and Free Training Course for Car Owners, Auto Professionals, Insurance Agents or anyone else new to Diminished Value claims.
Understanding Diminished Value
Before the accident, this vehicle had a market value of $21,000. After being fully repaired, its value dropped to $16,000 because of its accident history. This $5,000 difference is known as diminished value, which represents the loss in market value that occurs simply because the vehicle now has a recorded accident history. Even if the repairs are flawless, the fact that the car has been in an accident will decrease its appeal to potential buyers or dealerships.
Many people are unaware of how much value a vehicle can lose after an accident. This loss is real and can cost you thousands of dollars when you go to sell or trade in your car. Understanding diminished value is key to making sure you’re compensated fairly, and our training teaches you exactly how to navigate this process.
Step One – Determine Feasibility
Start by gathering your repair estimate and accident details. We’ll walk you through how to assess whether pursuing a diminished value claim is worth your time, helping you understand the key factors that influence your vehicle’s post-repair value.
Step Two – Get an Accurate Appraisal
Learn why an accurate appraisal is crucial. We explain why we gather local market data and opinions from sales managers to get a clear picture of how much value your vehicle has lost, ensuring you have reliable information to support your claim.
Step Three – File and Pursue the Claim
Filing a claim doesn’t have to be complicated. We’ll provide you with the steps for submitting a demand letter and offer guidance on how to handle negotiations with the insurance company, including what to expect and how to respond.
“They paid 100% of your value. They caved on your report alone. No negotiation was necessary. It was the strangest sh.. I’ve ever seen.“
richard bullock, esq.
“Based on your assertion that you were willing and ready to go to Court on this case we filed suit on behalf of our client on DV only. We settled it as soon as an attorney got involved and we showed them your reasoning as to why their report was flawed.”
mike koch, esq.
“Just to give you an update. State Farm sent me a check for the full $9,625 amount with no questions asked. I appreciate your help with this!”
jimmy craig
Let’s work together on your diminished value claim
Your vehicle is more than just a machine—it’s an investment. Don’t settle for less when it comes to recovering your vehicle’s true value after an accident. Our expert team specializes in helping you navigate the complexities of diminished value claims. With professional appraisals and personalized support, we’ll ensure you get the compensation you deserve.
Contact us today to start your claim and protect your investment!