Friday, May 11, 2012

BAD CARFAX? CAR OWNERS IN FLORIDA CAN RECOVER THEIR AUTOMOBILE DIMINISHED VALUE.

BAD CARFAX?
CAR OWNERS IN FLORIDA CAN RECOVER THEIR AUTOMOBILE DIMINISHED VALUE 

FORT PIERCE, Florida - What do you suppose is the most closely-kept secret in Florida? So guarded and hush-hush, that there are no articles in newspapers about it nor can one find a reference to it in any library. It is a basic right afforded to all insurance consumers yet insurance companies would rather not share the information. And the most amazing thing isn't that the general public has been kept in the dark - that's probably to be expected - it's that most of  the people directly affected by it haven't a clue themselves. The secret is called "Automobile Diminished Value" and what it means is that Floridians whose cars have been repaired after collision accidents can recover all or part of their vehicle's resultant loss in value from the at-fault driver's insurance company. A bad CARFAX means, when it comes time to trade-in or sell your car, you'll find that it's worth thousands less than fair market value - sometimes tens of thousands less. If the accident was your fault, you may deduct a portion of the car's loss in value from your federal income tax. Not only don't you know about Automobile Diminished Value, half of Florida's insurance agents and brokers either don't know or pretend not to know themselves. The biggest surprise is that many used car managers at Florida's car dealerships - the one's you'll most likely hear the "bad carfax = bad news" from - seldom let their disappointed customers know that there is hope for them. After all, many potential new car buyers, after learning their trade-in is worth thousands less, decide to keep their cars, ultimately costing that dealership a sale.

One of our clients wrote a letter of thanks to us and agreed to let us print it. It speaks directly to what this article is about.

From: cchannon
Sent: Tuesday, April 24, 2012 6:43 PM
Subject: Automobile Diminished Value claim

Frank:

Just FYI:  I settled with Progressive for about $3700.  It took a little talking, since they started with a low ball offer of 2K, but I assured them I would be happy to take up their time in small claims court.  I decided not to go for a whole lot more, since I received a couple of comparison estimates from one of the online "diminished value specialists" of anywhere from 2K to 3.5K.  The body shop (Collision Professionals) ball park was about 3K. 
I think it helped that you were local, and had local used car dealer  confirmations.  I think that if I had "adjusted" your appraisal I might have gotten a few dollars more, but that would not have been honest or fair to you and your efforts. 

Bottom line, I think I was made pretty much whole in the deal, even though it stinks to have a new car hit.  By the way, I can also recommend the "Collision Professionals" as a body shop that does nice work, and seems to take pride in their product. 
Just as I said, I would complete the Angie's list evaluation, and you can use me as a reference if the occasion comes up. Please feel free to publish the letter in your blog.  I have found that few people know about the "Diminished Value" aspect of auto accidents.  While not everyone's case is amenable to a settlement, certainly many are, and those people should be compensated.    

Best regards.

Chris Channon



The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net

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http://stlucieappraisal.net/
AUTO & PERSONAL PROPERTY
SERVICE THROUGHOUT SOUTH FLORIDA

paypal payment button The fee for an Automobile Diminished Value Report is $275.00. You may also make your Credit Card Payment by telephone, call 772-359-4300. Credit card payments can be made on the PayPal page. Click on "Don't have a PayPal account?" to be taken to the secure credit card payment page. 

After making your secure payment please email the body shop estimate or the insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

NOTE: TESLA OR OTHER EXOTIC CAR OWNERS PLEASE CALL 772-359-4300 TO ARRANGE FOR AN AUTOMOBILE DIMINISHED VALUE APPRAISAL.