Diminished Value Claim New York
Diminished Value Claim New York – Thank you for choosing Benchmark Auto Appraisals to address your diminished value appraisal and to walk with you through this difficult time! We are here to answer your diminished value claim questions. Feel free to call us if you have questions about the diminished value claim New York or any other state you may need us. We offer a FREE consultation to answer your diminished value questions. Our phone number is 877-888-6113 our base is in Buffalo New York our appraisers near you when you need us anywhere in the USA.
We have full-time staff members to help with any Diminished Value Claim questions you may have. Please let us assist you in the diminished value claims process. The claim staff can be reached at the number above or email@example.com.
Please do not send this information to the insurance company. This is for Benchmark clients’ help only. We believe it is very important for clients to have the resources needed. Benchmark diminished value appraisers are able to negotiate a fair settlement during their diminished claims process or total loss negotiations.
Nothing is more important to our company than to get you a great diminished value claim result and be happy customers. We are not attorneys and cannot give you legal advice. If you have legal questions, seek out a legal professional. I have noticed many times the attorney will give free consultation on the phone for advice on diminished value claims in New York and most other States. In the later part of this educational document
Diminished Value Process – Diminished Value Claim New York
Once our diminished value claim New York appraisal has been approved by you, the report is submitted to the appropriate insurance company most have a Diminished Value Department. Benchmark Auto Appraisers will let you know that the Diminished Value report has been sent to you by USPS Priority Mail.
Typically, we will send you the draft the original damage estimate of the claim and you must email or call us with an estimate so we can begin your diminished value claim. We also provide you a diminished value demand for payment letter to the insurance company has also enclosed a few sample letters for you to fill out as well.
- The insurance company will rarely contact the claimant in a reasonable, timely fashion, so we believe it is prudent to give the insurance company a day or two to review your appraisal. Then a call the assigned adjuster. The claim information will be on the report, so you will know who to call, where to call, and your claim number. There are times of high volume (ie: during storms, hail, etc.) which can slow down the process, but it is important to stay on top of your diminished value claim. The assigned adjuster is the person on the front page of the diminished value appraisal demand letter completed by Benchmark Auto Appraisers L.L.C.
- The adjuster will either send you a check for the full Diminished Value amount within a few days of receiving our appraisal, or they will start the negotiation process. Typically, it is the latter. We are with you every step of the way with your diminished value claim.
- Upon talking to the adjuster, always have in mind what you want to say before the conversation starts. Call the adjuster and tell the adjuster that you have hired a licensed appraiser and that they owe you the amount of diminished value as documented in our report on the results page.
- Benchmark Auto Appraisers includes many rebuttals which include likely excuses that the insurance company might use. It is important to read over our diminished value appraisal material before you talk with the adjusters.
- Also, always keep in mind what you are willing to accept as the minimum amount for your diminished value claim. The number one rule when working with the insurance company is to make sure all offers and or denials are in writing. You need to have the offer documented in writing. This way you can forward those to our Benchmark team. Feel free to email us or call with questions as well regarding your diminished value claim.
- When negotiating with the diminished value adjuster, keep in mind that they may want to inspect your vehicle. That is okay. Don’t negotiate against yourself. The insurance company may initially give you a lowball offer. That is fine. Make sure you get any offer in writing, we can help you further. The adjuster also needs to show in writing how they came up with the offer, including their methodology in any diminished value claim.
- A Benchmarks diminished value expert will be here to help you through the negotiations with the insurance company as well. We are comprised of certified licensed diminished appraisal professional’s appraisers. We have over 45 combined years of experience. You are in excellent hands, and you chose the right auto appraisal company to help you through this process.
Rebuttals for a Diminished Value Claim. The following is a list of general rebuttal and sample conversations to review. If the adjuster tries to use them, you need to be comfortable defending your position and advocating your claim. Most of the time you will not need all the information; however, information is power and we want our clients to make informed decisions.
Diminished Value Claim New York
There are several factors which potential buyers may consider important if they know the vehicle has been in such an accident including but not limited to:
- Loss of resale value as a damaged vehicle:
- Void factory warranty (which is common if there is a serious accident).
- Type of actual replacement parts used on the vehicle, especially in hidden areas.
- Undiscovered damages.
- Increased likelihood of failure of bearings, seals and electrical components.
- Impossibility to duplicate immersion rustproofing techniques of the factory (especially on welds and hidden parts).
- Paint may not age or wear in a similar manner to factory paint.
- Factory assembly cannot be duplicated with an after-market/accident repair.
- The vehicle no longer qualifies for the Manufacturers’ “Certified Pre-Owned” program.
- There can be no valid evidence that the vehicle’s frame or Uni-body structure has been restored to all factory specifications, tolerances, strength and rigidity to ensure deployment of the supplemental restraints system at the factory specified levels of impact in the event of a subsequent accident.
- The possible use of inferior generic parts, especially in areas not visible.
- The lack of evidence that the repairs were properly performed, especially in non-visible areas of the vehicle.
- The lack of post-repair testing with respect to safety, such as testing the “crumple zones”.
- The fact that the vehicle generally will not be accepted by a new car dealer as a trade-in based upon the fact that the vehicle cannot be resold as a “Certified Pre-Owned” vehicle.
- The vehicles with such auto body damage, or which have been in an accident, are “branded” as having the potential for problems, and though not reflected on the “title” to the vehicle, are commonly reported by such private enterprises as “CarFax” Wreck-Check, Vin-check and Auto-check as well as the manufactures vehicle Information database.
- As a result, with damages of the nature sustained by the subject vehicle, buyers are likely to “walk away” without considering the purchase. If an automobile has had significant repairs, a buyer must assume the worst condition of the vehicle. This leaves the damages to be more than just the costs of repair, regardless of the quality of repairs. A repaired vehicle that has sustained serious damages will, except only in rare situations, result in “diminished value” damages.
Benchmark Auto Appraisers – Diminished Value Claim New York are just a phone call away to handle your diminished value appraisal need so if you’re searching for appraisers near me. The number to call is 716-523-6999 or Toll-free 1-877-888-6113. Information on Diminished Value Appraisals and Claims
Daniel “Dan” Jendrowski
Certified Public Auto Appraiser Diminish Value Experts B.C.A.A. & I.A.C.P.
For FREE Consultation and Review