A car owner is entitled to cost-of-repair damages and loss-of value-after-repair damages if the owner proves that the repairs to the vehicle did not restore the vehicle to its pre-loss value. Texas allows for third-party claims for inherent diminished value. The claimant may recover the difference between the market value of the vehicle before the accident and the value after the repairs plus the cost of repairs. A diminished value appraiser can prove that lost value.
Our methodology for determining diminished value is unique within the industry. After making our determination of a car’s loss in value, we confirm our opinion by consulting with the sales managers at six local dealerships in and around Houston. We average their unbiased opinions to establish the vehicle’s diminished value. This proof establishes probative evidence into the existence and approximate amount of diminished value. It is this type of reporting that car owners need to convince insurance companies to make fair settlement offers. In cases that require litigation, this evidence is what is necessary to obtain a favorable judgement..
A claimant in a third-party claim is entitled to recover both the cost of repair and inherent diminished value. Evidence of the fair market vehicle of the vehicle after repairs is required. Our opinions are confirmed by conversations with unbiased professionals in the business of buying and selling cars. The appraiser must also act as an advocate for the claimant in order to help navigate through the misinformation that can be expected to come from insurers.
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SEARCH OUR DATABASE OF AUTO DIMINISHED VALUE REPORTS
Click on the payment button above to pay by Credit Card or Paypal. The fee for an Automobile Diminished Value Report is
$275.00. You may also make your Credit Card Payment by telephone, call 772-359-4300. Tesla and other exotic car owners please call for rates.
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