Diminished Value | Am I entitled to it?

by Zach
(Boston, MA)

I was rear ended by another driver. My vehicle was fixed but part of the repair included work to my frame. I just tried to trade my car in hopes of purchasing a new car. Initial trade value was set at 8000.

Once the CarFax was pulled, they dropped my trade value to under 4000. I live in Massachusetts as does the at fault driver.

My insurance and theirs are both telling me I can make no diminished value claims. I have seen some writing on how Massachusetts ruled on this previously but am having trouble reading between the lines (insured was at fault in the case).

http://www.irmi.com/expert/articles/2004/cooper09.aspx

Thank you.

Zach


Answer:

Hello Zach,

You have a third party claim. You are allowed to make this claim and you are most likely entitled to damages.

The problem is that insurance companies defend and argue (and play stupid) when it comes to Diminished Value Claims.

Please sees: http://www.auto-insurance-claim-advice.com/diminished-value-claim.html


Good Luck,
http://www.auto-insurance-claim-advice.com