This module introduces the concept of diminished value (DV) and explores why it’s important. You will learn the different types of diminished value—immediate, inherent, and repair-related—and how each impacts vehicle value after an accident. Real-world examples and common scenarios will highlight when and how diminished value claims are applicable, helping you understand the relevance of DV in various situations.

This module focuses on the legal framework governing diminished value claims in Mississippi. You’ll gain an understanding of various case laws that address diminished value claims and the importance of meeting filing deadlines. The lessons also explore the differences between first and third-party claims, the necessary documentation for filing, and the critical role of accurate appraisals in the claims process.

This module dives into how to determine feasibility and various methods used to assess diminished value and emphasizes the importance of professional appraisals. You’ll explore the common formulas used by insurance companies, like the 17C formula, and understand its limitations. The module will also guide you in identifying a quality diminished value appraisal by explaining the critical elements and methodology that ensure a fair and accurate assessment.

In this module, you will learn how to successfully file and negotiate diminished value claims. The step-by-step guide will walk you through the process, including the essential documentation needed to build a strong case. Additionally, you’ll explore effective strategies for negotiating with insurance companies, understand common denial tactics, and learn how to appeal or escalate a claim if necessary.