Diminish value claim and my camaro

G6SS · 12-07-2016, 04:40 PM

Hi guys, well after my accident and around 18k in damages I have decided that diminish value claim is my best chance to get out of this car while I can. Once the car is finished next week I plan to get an appraisal on it and trade it in. So with a diminish value claim, how does it work. I don't know if statefarm is trying to give me false information but they want me to get the car appraised first to see what their payout will be. I was told if the car was appraised too low that it would hurt my claim trying to low ball them. I expect 3-4K from statefarm in a check to me but how can I go about this. I absolutely do not want to involve a lawyer as it can get expensive and not end up worth the time wasted.

Yours thoughts appreciated!

mcintyre1969 · 12-07-2016, 04:58 PM

My 2015 Mustang got hit in parking lot. New fender and new door skin. I got about $1100 in diminished value. No negotiating either, they hold the cards. A lawyer isn't going to get involved because there is not much money in it. Just do as they ask and be polite.

G6SS · 12-08-2016, 08:48 PM

Quote:

Originally Posted by mcintyre1969

My 2015 Mustang got hit in parking lot. New fender and new door skin. I got about $1100 in diminished value. No negotiating either, they hold the cards. A lawyer isn't going to get involved because there is not much money in it. Just do as they ask and be polite.

Not bad. Yeah definitely don't want a lawyer involved. I just want a fair amount so I don't take any loss on my end.

backeddy · 12-08-2016, 11:19 PM

state farm? Good luck, been trying to get my DV paid for 11 months now.....Like always, going to have to get the lawyer involved. Let me know if you have better luck. I even went all the way to hiring 2 independent guys who both came up with $4100 on a $23K fiesta st with $4,900 in damage. I did not even have my tags yet when I got hit.

G6SS · 12-09-2016, 11:09 PM

Quote:

Originally Posted by backeddy

state farm? Good luck, been trying to get my DV paid for 11 months now.....Like always, going to have to get the lawyer involved. Let me know if you have better luck. I even went all the way to hiring 2 independent guys who both came up with $4100 on a $23K fiesta st with $4,900 in damage. I did not even have my tags yet when I got hit.

What did they actually offer you though (statefarm)?

GAHDOOSH · 12-10-2016, 09:33 AM

Quote:

Originally Posted by G6SS

What did they actually offer you though (statefarm)?

This would be good information, I had my rear bumper replaced and the lower diffuser replaced and am supposed to call state farm on monday for the diminished value

G6SS · 12-10-2016, 01:06 PM

Quote:

Originally Posted by GAHDOOSH

This would be good information, I had my rear bumper replaced and the lower diffuser replaced and am supposed to call state farm on monday for the diminished value

A diminish value company said I should be paid around 9k for DV. I know statefarm is not going to give me anywhere 9k without taking them to court and I will settle on an offer over 3k since my repairs were 15-18k (still have to get final bill)

92c4m6 · 12-11-2016, 06:17 AM

I had one of the first wrecked 6gs in January. It had about the same damage as you and I got 3800 in DV. They used the form 17c to calculate.

12-07-2016, 04:40 PM	#1
G6SS Drives: 2016 Camaro SS Join Date: May 2016 Location: Anywhere Posts: 85	Diminish value claim and my camaro Hi guys, well after my accident and around 18k in damages I have decided that diminish value claim is my best chance to get out of this car while I can. Once the car is finished next week I plan to get an appraisal on it and trade it in. So with a diminish value claim, how does it work. I don't know if statefarm is trying to give me false information but they want me to get the car appraised first to see what their payout will be. I was told if the car was appraised too low that it would hurt my claim trying to low ball them. I expect 3-4K from statefarm in a check to me but how can I go about this. I absolutely do not want to involve a lawyer as it can get expensive and not end up worth the time wasted. Yours thoughts appreciated!

12-07-2016, 04:58 PM	#2
mcintyre1969 Drives: 1968 SS/RS, 2006 H2 2016 2SS White Join Date: Sep 2015 Location: Texas ( Southern Moron) Posts: 770	My 2015 Mustang got hit in parking lot. New fender and new door skin. I got about $1100 in diminished value. No negotiating either, they hold the cards. A lawyer isn't going to get involved because there is not much money in it. Just do as they ask and be polite. __________________ 2016 2SS White fully loaded

12-08-2016, 11:19 PM	#4
backeddy Banned Drives: 2011 Boxster Spyder (best car ever) Join Date: Aug 2014 Location: San Jose, Ca Posts: 1,529	state farm? Good luck, been trying to get my DV paid for 11 months now.....Like always, going to have to get the lawyer involved. Let me know if you have better luck. I even went all the way to hiring 2 independent guys who both came up with $4100 on a $23K fiesta st with $4,900 in damage. I did not even have my tags yet when I got hit.

12-11-2016, 06:17 AM	#8
92c4m6 Drives: 2008 Corvette Join Date: Oct 2015 Location: Sc Posts: 102	I had one of the first wrecked 6gs in January. It had about the same damage as you and I got 3800 in DV. They used the form 17c to calculate.

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