Diminution in Value Claims

[PhilL]

Any insight on how different automobile insurance carriers are responding to, and valuing, third party diminution in value claims?

Thanks for any input.

 

[todd02]

Works the same with everyone unless they have specified in writing a formula. It's a market price negotiation. How much is the vehicle worth on the market with the accident on file. Best way is a 3rd party appraisal.

 

[PhilL]

Works the same with everyone unless they have specified in writing a formula. It's a market price negotiation. How much is the vehicle worth on the market with the accident on file. Best way is a 3rd party appraisal.

Thanks, Todd.
I see that there is another thread on Diminishing Value Claims