Low speed collision today - diminished value claim?

[Ozarkbeard]

I know my velocity blue 2022 is invisible, may the orange is too

Everything's invisible when the driver's drunk and/or staring at a screen.

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[RLmesc]

Yes I am fighting to recover my deductible after someone hit my wife's car. We have the same insurance company.

Even if the same insurance carrier protects both vehicles, if there is no comparative or contributory fault on your wife while driving, your insurance carrier has to refund your deductible. If they argue that “she” was the at fault party (not the other guy) there would be no expectation of recovering the deductible. If say, they hit your car while it was parked, unoccupied thus not possible fault and they still balk at reimbursement , just say “bad faith” followed by “errors and omissions”, that will get the adjusters attention real quick. If they still are babbling rather than writing your check just say I’ll call the “State Insurance Commisioner” and see what my “rights” are and what their consequences are for failing to honor your insurance contract in good faith. In my state bad faith against your insurance co can “treble” the damages (read, triple what they owe you). Good luck.

 

[JP4AZ]

Some clown ran into the driver's side of my 2022 hybrid and beat up both doors pretty badly. Has anyone had any success with requesting a diminished value payout from the at-fault driver's insurance company?

Luckily I have it on dash cam so there should be no contest regarding who was at fault. For the life of me, I can't figure out how he didn't see me considering how bright the cyber orange is.

Some Asshat clipped me in a parking lot, I feel your pain.

 

[mcgarveyjb]

Everything's invisible when the driver's drunk and/or staring at a screen.

The person that hit my truck, backed across 5 parking spaces to hit it, then claimed they didnt see it Took a full year to get parts and have it fixed. Had to re-open the claim as usaa had closed it because it took so long

 

[NJBob]

Even if the same insurance carrier protects both vehicles, if there is no comparative or contributory fault on your wife while driving, your insurance carrier has to refund your deductible. If they argue that “she” was the at fault party (not the other guy) there would be no expectation of recovering the deductible. If say, they hit your car while it was parked, unoccupied thus not possible fault and they still balk at reimbursement , just say “bad faith” followed by “errors and omissions”, that will get the adjusters attention real quick. If they still are babbling rather than writing your check just say I’ll call the “State Insurance Commisioner” and see what my “rights” are and what their consequences are for failing to honor your insurance contract in good faith. In my state bad faith against your insurance co can “treble” the damages (read, triple what they owe you). Good luck.

Thanks we have been very patient. Wife was waiting to make a left turn. Another car entered the intersection. A car coming the other way swerved to avoid the car entering the intersection and hit my wife. This was in June. Insurance company said it was in arbitration. As to us it was the car entering the intersection who was at fault. Not alot of damage. Lucky it was not worse. My son's a co he said prob the car that hit her would be liable and then they would have to recover it from the car that entered the intersection. Will have to keep after them.

 

[NJBob]

In my experience, you are correct about NJ. My husband was broadsided about 3 years ago resulting in a repair cost of over $30,000. We paid for a diminished value report knowing this was going to be an issue when we sold the vehicle and the reported loss value was over $10,000. We submitted the report to our insurance company but were told that it was not reimbursable.

Yes but crash a rental car. You will be charged the amount of time it's not usable.

 

[RLmesc]

Thanks we have been very patient. Wife was waiting to make a left turn. Another car entered the intersection. A car coming the other way swerved to avoid the car entering the intersection and hit my wife. This was in June. Insurance company said it was in arbitration. As to us it was the car entering the intersection who was at fault. Not alot of damage. Lucky it was not worse. My son's a co he said prob the car that hit her would be liable and then they would have to recover it from the car that entered the intersection. Will have to keep after them.

That does complicate things but your wife is faultless and the two other ins cos are arbitrating the comparative fault. In that case, I would have done the same as you, gone under my own collision coverage, and allowed the two cos battle it out and wait for the deductible recovery. What complicates the diminished value claim is that you cannot claim that against "your" policy but there is ne reason the other parties would be allowed to escape that portion of the claim, including the company that insures you and the other insured. sorry but will have to wait for the Ins Cos to hash it out.

 

[NJBob]

That does complicate things but your wife is faultless and the two other ins cos are arbitrating the comparative fault. In that case, I would have done the same as you, gone under my own collision coverage, and allowed the two cos battle it out and wait for the deductible recovery. What complicates the diminished value claim is that you cannot claim that against "your" policy but there is ne reason the other parties would be allowed to escape that portion of the claim, including the company that insures you and the other insured. sorry but will have to wait for the Ins Cos to hash it out.

Thank you for the consideration explanation. I think will get it. But would be nice this time of year. Don't think that there is no dismissed value in NJ. We keep our cars forever. So not to concerned about that.

 

[glpuckett]

Most if not all of us dread the day we get our first dent or scratch, but it especially hurts when you’re not even in your truck (parking lot for me) when it occurs. I’m posting my situation as a learning experience for all of us. I was at a community park when my Maverick was damaged by an adjacently parked van.

Lesson #1: BEING A GOOD CITIZEN - I ONLY know the details b/c a couple took the time to write me a note of what they witnessed & provided a License plate #, their names and contact information. They were the primary reason my situation is moving in a positive direction. I live in CA, so my heart was warmed when you meet likeminded people that are willing to get involved to do the right thing, so treat them as your new BFF and exude your appreciation!

Lesson #2: NOTIFY YOUR INSURANCE – (Same day as incident) Seems obvious, but you may need an advocate on your side. For me I had witnesses, but I only had a License plate #. Long story short my insurance company told me they were limited b/c the DMV (in my case) did not show name or contact information of the registered owner. They advised me to get a Police Report so we could get the needed information.

Lesson #3: POLICE REPORT – (2 days later) I went to the police department to request a police report for a “Hit & Run”. I provided them with the witness report / information & they confirmed that they have the registered owners contact information on file but can’t share it with me (it will be in the report). They asked if we could call my witnesses & talk to them, so I texted them and they agreed. Once again, I praised them for their time and support! Next, I had to wait for an On-Duty patrol officer to arrive to fill out the report at which time he advised me that this may de-value my new truck. This may be just a California issue, but his argument is that it gets reported as a collision with not many details. This may be arguable, but I understood and at this moment I needed the registered owner information. BTW, the damage to my Maverick is very minor (small dent & scratches) but will cost $3K, 6 days and car rental. The stars were aligned for me b/c at this moment my witnesses called me and said the van was back at the park. The police officer taking my report sent another patrol officer to the park to investigate. In the end it turned out to be an elderly woman who pleaded ignorance to the incident, so we decided to exchange insurance information and leave it at that.

Although I don’t have a conclusion yet, I’ll summarize with - I provided the information to my insurance company who in-turn contacted her insurance company to initiate a claim. My insurance company will now step aside leaving me to communicate directly with her insurance, and they have been terrific to be honest! I went to my dealership that does have a very reputable collision department to get an estimate. Her insurance sent an adjuster to inspect my damage just the other day (he was also terrific). He and I spent an hour just talking, and within a couple of hours of his leaving my house he had already sent an email to both myself & dealership approving the estimate and to schedule the repair.

Bottomline, this was the 1st time that I have ever had to deal with a damage claim, so it was a learning experience. However, my main point is let’s be good citizens & neighbors in my situation it made all the difference in the world!

 

[glpuckett]

Most if not all of us dread the day we get our first dent or scratch, but it especially hurts when you’re not even in your truck (parking lot for me) when it occurs. I’m posting my situation as a learning experience for all of us. I was at a community park when my Maverick was damaged by an adjacently parked van.

Lesson #1: BEING A GOOD CITIZEN - I ONLY know the details b/c a couple took the time to write me a note of what they witnessed & provided a License plate #, their names and contact information. They were the primary reason my situation is moving in a positive direction. I live in CA, so my heart was warmed when you meet likeminded people that are willing to get involved to do the right thing, so treat them as your new BFF and exude your appreciation!

Lesson #2: NOTIFY YOUR INSURANCE – (Same day as incident) Seems obvious, but you may need an advocate on your side. For me I had witnesses, but I only had a License plate #. Long story short my insurance company told me they were limited b/c the DMV (in my case) did not show name or contact information of the registered owner. They advised me to get a Police Report so we could get the needed information.

Lesson #3: POLICE REPORT – (2 days later) I went to the police department to request a police report for a “Hit & Run”. I provided them with the witness report / information & they confirmed that they have the registered owners contact information on file but can’t share it with me (it will be in the report). They asked if we could call my witnesses & talk to them, so I texted them and they agreed. Once again, I praised them for their time and support! Next, I had to wait for an On-Duty patrol officer to arrive to fill out the report at which time he advised me that this may de-value my new truck. This may be just a California issue, but his argument is that it gets reported as a collision with not many details. This may be arguable, but I understood and at this moment I needed the registered owner information. BTW, the damage to my Maverick is very minor (small dent & scratches) but will cost $3K, 6 days and car rental. The stars were aligned for me b/c at this moment my witnesses called me and said the van was back at the park. The police officer taking my report sent another patrol officer to the park to investigate. In the end it turned out to be an elderly woman who pleaded ignorance to the incident, so we decided to exchange insurance information and leave it at that.

Although I don’t have a conclusion yet, I’ll summarize with - I provided the information to my insurance company who in-turn contacted her insurance company to initiate a claim. My insurance company will now step aside leaving me to communicate directly with her insurance, and they have been terrific to be honest! I went to my dealership that does have a very reputable collision department to get an estimate. Her insurance sent an adjuster to inspect my damage just the other day (he was also terrific). He and I spent an hour just talking, and within a couple of hours of his leaving my house he had already sent an email to both myself & dealership approving the estimate and to schedule the repair.

Bottomline, this was the 1st time that I have ever had to deal with a damage claim, so it was a learning experience. However, my main point is let’s be good citizens & neighbors in my situation it made all the difference in the world!

Final update:
I just picked up my REPAIRED Maverick today! It took 7 days, and it looks perfect. All repair costs and rental car were paid in full by her insurance company, so I'm happy and good to move on!

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