02-15-2018, 10:34 PM | #1 |
Soon to be Millionaire
Drives: Blue 2016 Camaro Join Date: May 2016
Location: Gainesville, FL
Posts: 379
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Diminished Value Claim
So a little under a year ago I had a minor incident where a flying piece of plywood hit me on the interstate. Car lost coolant and car got towed to dealer. 2 weeks later, comp claim on insurance for 3,500 damage. $500 deductible. Sucks but whatever, Atleast my insurance didn't go up.
Should I have looked into a diminshed value claim? I don't want my rates to go up but my carfax does show an incident now.
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02-15-2018, 10:43 PM | #2 |
Drives: 2017 Camaro 2SS Hyper Metallic Blue Join Date: Jul 2017
Location: Kansas City, MO
Posts: 35
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yes, if you can find the person it came from? i just did it on a recent accident when someone hit me and settled on $2500.
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02-16-2018, 06:20 AM | #3 |
Drives: 18 zl1 Join Date: Aug 2017
Location: central alabama
Posts: 935
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I literally didn't know this was a thing until just now. I'll be looking into this for sure for something that happened to my car recently
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02-16-2018, 06:49 AM | #4 |
Drives: '17 SS 50th Camaro Join Date: Apr 2012
Location: Tampa, Florida
Posts: 921
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Diminished value is completely state by state. Some states don't let you recover it at all others only let you recover when you were not at fault. Best thing is to look up your individual states rules.
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02-16-2018, 06:59 AM | #5 |
Drives: Black 2017 Camaro SS 1LE Join Date: Dec 2016
Location: Virginia Beach
Posts: 1,319
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And I believe you cannot use your own insurance to claim diminished value.
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02-16-2018, 07:03 AM | #6 |
Drives: 2017 1SS camaro ,2SS a 68 + 08 C6 Join Date: Dec 2017
Location: West palm beach
Posts: 495
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02-16-2018, 07:14 AM | #7 |
I used to be Dragoneye...
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Yeah, I found that out the hard way...
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