Edmunds.com | Inside Line | CarSpace Your Account | Help | Directory
You have 100 characters to use
Search for questions:
Categories
Question
Question Details
Asked: May 27, 2008 - 08:51 AM
Status: Closed
mikebuc
How is the diminished value determined in a newer automobile (2004) after damage, repairs for a trade-in, etc.,?
Progressive Ins. Co. wants documentation before it will reimburse me for diminished value. What's up with that? How do I find documentation? MJB
In Car Insurance > Insurance Claims In Car Insurance > Accidents1 answer - 93 days ago
Watch this Question | Email to a Friend
Note: Per our Visitor Agreement, Edmunds.com does not guarantee the accuracy of any answers. We recommend that you use common sense when following any advice found here.
Answers
autoexpert4u
Date: May 27, 2008 Time: 12:07 PM
The best way to establish diminished value is to hire a post repair inspector who can write a diminished value assessment in your area. Basically they will inspect the repairs to verify that the work has been properly performed and then they will appraise the vehicle prior to the loss and then after the loss. This is how the diminished value is discovered.
Source:
OTHER QUESTIONS NEEDING ANSWERS
Top Insurance Claims Experts