Maximizing Your Diminished Value Claim
- jarrodscott87
- Feb 7
- 2 min read
How to Maximize Your Diminished Value Claim and Get Paid What You Deserve
If your car has been in an accident—even after repairs—its value has likely dropped. This is called diminished value, and the good news is you may be entitled to compensation. Many insurance companies won’t tell you this upfront, but filing a diminished value claim can help you recover thousands of dollars.
What Is a Diminished Value Claim?
A diminished value claim allows you to recover the difference between what your car was worth before the accident and what it’s worth now. Even if repairs were done perfectly, your car’s history report will show an accident, making it less desirable to buyers. Insurance companies are responsible for covering this lost value, but they won’t pay unless you file a claim and negotiate aggressively.
How Much Can You Recover?
The amount varies, but the average diminished value claim is around $4,000. Some claims, especially for luxury or newer vehicles, can exceed $5,000 or more. The final payout depends on factors like your car’s make and model, the severity of the damage, and how well you negotiate with the insurer.
Filing a Diminished Value Claim
To maximize your claim, the first step is getting a professional diminished value appraisal. Insurance companies won’t just take your word for it—they require expert documentation proving how much value your car has lost. Once you have the report, you need to submit a claim with your insurance company and be prepared for pushback. Many insurers start with lowball offers or deny claims outright, hoping you’ll give up. This is where working with professionals can make a difference.
How Long Do You Have to File?
The timeframe depends on your state’s laws. Some states allow up to six years, while others have much shorter deadlines. The sooner you file, the stronger your case. Insurance companies are less likely to take claims seriously if too much time has passed since the accident.
Why CrashMoney?
At CrashMoney, we take the stress out of the process by handling everything for you. From getting an accurate appraisal to negotiating with the insurance company, we fight to ensure you get every dollar you’re owed. We work on a contingency basis, meaning you don’t pay unless we win.
Get Started Today
If your car lost value after an accident, don’t wait. The money you’re owed won’t collect itself. Get a free estimate in under 24 hours, and let our experts handle the rest.
This article Will Help You Maximize Your Diminished Value Claim
This article will guide you through the process, explaining how diminished value works, how much you can recover, and how to get the highest possible payout from your claim. By following the right steps and working with experts, you can ensure you’re not leaving money on the table.
At CrashMoney, we handle the entire claims process for you—from getting an accurate appraisal to negotiating with the insurance company. We only get paid when you do, so there’s no risk in filing.
Comments