When consumers inquire about their right to file diminished value claims (DV) after their cars have been damaged and repaired, they often hear opinions that dishearten and discourage them. The opinions come from a wide variety of sources, but mostly from people they know and trust – coworkers, friends, relatives that have had car accidents, family mechanics and body technicians, even insurance agents and adjusters.
Despite the fact that we want to believe these people know what they are talking about and have our best interest at heart, their opinions regarding diminished value often miss the mark. This flood of misinformation puts consumers seeking diminished value facts at a great disadvantage, making it unjustifiably hard for accident victims to finalize insurance claims and collect money they are due.
Earlier this past week I was surprised to find that one truth-seeker went outside the normal circle of influence and sought an opinion on the legitimacy of diminished value from Yahoo Answers, an Internet question and answer forum. Of the six who posted responses including one 10 year claims veteran of Farmers Insurance, nearly all suggested that diminished value might not be a legitimate claim welcomed by the courts in the poster’s home state. Talk about misinformation!
In this article, we examine the primary misstatement presented by nearly all of the Yahoo posters including the Farmers claims guru, and expose accurate facts that can be shared when one encounters consumers looking for truthful diminished value information.
Click here to read, “Diminished Value Claims Get Bum Rap in Media,” an informative feature article on www.SafeCollisionRepairs.com. As always, we welcome your comments and look forward to a dialog that will enlighten and entertain our readers.
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