Today years old

I worked for Farmers Insurance(worst job ever) for a few years. When I learned this, I tried to put everyone I know on game.

She’s right. My car dealership gave me a new valuation for the car which I sent off to the other insurance company. Got a good payoff.

Thanks for that vital piece of information!! I too am today years old finding this out.

Hopefully i won't have to use this, but it's definitely useful

Definitely

😳😳 could have used this before 🫠

RIGHT

damn. needed this info a few months back lol

This only works if you’re not at fault for the accident!

But it's very hard to prove. Usually only works with brand spanking new cars

Nope. You have to prove diminished value otherwise it’s “assumed” only way to actually prove it is to sell the vehicle below market value, provide the invoice of sale and then compare to current market value. Don’t pay for reports etc just be told no eventually.

Some states require them to issue said payment, you do not have to ask it’s automatic. Now they will also tell you if your car isn’t applicable because of years and prior losses Also, gotta Google the statute of limitations for your state

why does everything have to be soo complicated

@JamarHerrod I thought everyone knew this. But insurance companies don’t use carfax to get a value. They use market prices from ads. They assume the lowest ones. But you can push for more.

Yasssss!!!!

bitch delete I be hitting ppl

talk to an actual attorney

Also if they total your car-it will take more money to fix than the value of the car-you can buy it back for the salvage price without money exchanging hands. They just deduct it from your check.

@Inspirenaire

So do you still file a claim if your car was totaled for the Diminished Value Claim?

Bookmarked

Just did that bout 4 days ago, waiting on a response.

@Inspirenaire 🗣️ Shut up

What if I only just recently paid off my car & got into an accident 3 years ago

I mean if you didn't sell it yet, you should be fine to check lol