Wednesday, June 18, 2014

DIMINISHED VALUE CLASS ACTION LAWSUITS AGAINST ALLSTATE AND STATE FARM INSURANCE COMPANIES

DIMINISHED VALUE CLASS ACTION LAWSUITS

FORT PIERCE, Florida - We are now seeing the second and third of what may be multiple class action lawsuits brought against insurance companies for unfair claim practices in automobile diminished value claims, Allstate and State Farm now find themselves with their feet in the fire. The State of Illinois, following the lead of the State of Washington which presided over a class action lawsuit against Hartford Insurance Company, has certified two class action lawsuits that could lead to the insurers paying hundreds of millions of dollars to wronged claimants.

In addition to Illinois, the action against State Farm includes the majority of other states. This action could potentially cripple the insurer and topple it from it's perch as the largest insurance company in the United States.

It is interesting that California is one of the few states not included in the class action. State Farm has been particularly selective in placing impositions on Californians seeking to make diminished value claims. Inherent diminished value, unlike repair-related diminished value, assumes that vehicles were properly repaired but have lost value simply due to the fact that they now have a bad Carfax or other vehicle history report. State Farm, in an effort to dissuade claimant's from seeking expert representation from independent appraisers located in other parts of  the United States, has implemented a requirement that vehicles be physically inspected. 


An Illinois Court has certified two class action lawsuits against Allstate and State Farm for breach of contract against their policyholders. Court documents declare that the "plaintiffs argue that vehicles which sustain certain types of physical damage cannot be restored to preloss condition through the repair process."

State Farm's case includes all states except for AZ, CA, KY, PA and VA. Allstate's case includes the same states and Ma. Those who qualify must have had a loss of at least $1,000.00 on a six-year-old vehicle or newer with less than 90,000 miles since January 1, 1996.

Car owners  need to know their rights when it comes to automobile diminished value. In every state with the exception of Michigan (as of this writing,) owners of vehicles that were damagesd as a result of the other party's negligence, have a right to make a claim against their insurer for the diminished value of their car after repairs have been completed. In addition, there are a few states, Georgia, Kansas and Washington, where a policyholder may make a diminished value claim with his own insurer.

Allstate and State Farm will now go down the same road that Hartford did in Washington. At the very least it will cost them a tremendous amount of money in defense costs. I can only hope that justice is done in these class action lawsuits because, having seen how poorly claimants are treated in diminished value cases, and how ineffective State Insurance Departments have been in correcting these misdeeds, Allstate and State Farm deserve the full measure of punishment for their thousands of indiscretions.


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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


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. 


 
Read Unbiased Consumer Reviews Online at AngiesList.com
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Keywords for this article: class action lawsuit, diminished value, state farm, allstate, illinois,

Friday, May 23, 2014

USING A DEALER QUOTE FOR A DIMINISHED VALUE CLAIM

 
USING A DEALER QUOTE FOR A DIMINISHED VALUE CLAIM


FORT PIERCE, Florida - Many car owners making diminished value claims against insurance companies obtain a quote, or opinion, from their new car dealer that explains how much less their car is now worth because of having undergone repairs. In theory this appears to make sense. The St. Lucie Appraisal Company, in fact, obtains six dealer quotes to form the basis for our automobile diminished value reports. So why is this article going to warn you of the perils of taking this approach? It would seem that by doing so we are essentially discrediting our own methodology.

Insurance companies aren't exactly known for being generous and when it comes to paying for diminished value losses, they can get downright nasty. It is only since the advent of CARFAX and other vehicle history reports that both dealers and the general public alike can know what to expect when purchasing a used car. And, of course, as we all know, cars that went through collision repairs are less desirable to used car buyers than cars that were never wrecked.

Now that people are becoming aware of their right to file claims for the decrease in the value of their cars after collision repairs - known as inherent diminished value- they are setting out to prove the validity of their claims in different ways. The most common is to hire an independent appraiser that specializes in diminished value. These appraisers have different methods for arriving at their conclusions. And insurance companies, naturally, have found ways to discredit most of them. The first method is to use a formula which takes into consideration the nature and extent of the damages. This approach is confusing as well as arbitrary. One such formula is known as Rule 17-C which has become notorious for its inadequacies. Yet both independent appraisers and insurance companies alike continue to use them. The reasons are twofold, one - they can be tailored to meet the needs of whomever is using the formula - hence, the discrepancies between your appraiser's and the insurance company's conclusion and two - because they are easy. Preparing a diminished value report using a formula takes less than five minutes. The second method is to access automobile auction results that compare cars that were sold that had previous repairs with those that did not. Insurers have an easy time discrediting these reports because, while they do specify comparable year, make and model vehicles, they do not meet the criteria of describing your exact car with its mileage, options, etc. nor do they address the specific damage that was done to your car. 

The third method is obtaining actual dealer quotes that reflect how much less the pre-owned managers will pay for a trade-in that's got a bad CARFAX. Many car owners are naive enough to think that an insurance company will pay them $5,000.000, for instance, simply because that's how much less their dealer quoted them on a trade. There are two flaws in this approach. The first one actually does make sense - that a dealer might inflate the amount of diminished value in order to purchase your car for a cheaper price. Insurance companies use this argument when they deny your claim and I, for one, can't disagree with the logic. The other drawback to simply presenting a dealer quote as proof of the diminished value alerts the insurer to the fact that you are a cheapskate. If you aren't willing to pay for an independent appraisal, they surmise, then there's little chance that you'll actually ante up for an attorney when push comes to shove. The fear factor is no longer there.

So why is The St. Lucie Appraisal Company so successful at obtaining fair settlements for its customers by using new car dealer quotes as the basis for our reports? The reason is that the arguments and lack of respect that the insurers exhibited as detailed in the preceding paragraph no longer exist. The fact that you undertook the expense of having a professional report done - and not one of those $39.00 specials - has given your claim credibility. And the fact that none of the six dealers providing quotes has any vested interest in the subject vehicle invalidates any and all objections to using this methodology. It takes a great deal of time to obtain diminished value information in this manner but when the results are fair settlements for our customers, we feel that we've achieved our goals. I'm happy to be able to say that we've got the outstanding reviews to prove it!                               



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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.
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. 


 
Read Unbiased Consumer Reviews Online at AngiesList.com
Check our Reviews on Angie's List


Keywords for this article: automobile, car, diminished value, dealer, quote, claim, insurance, ST. LUCIE APPRAISAL

Friday, March 28, 2014

INSURANCE ADJUSTERS AND DIMINISHED VALUE - YOU GET WHAT YOU PAY FOR

INSURANCE ADJUSTERS AND DIMINISHED VALUE - YOU GET WHAT YOU PAY FOR

 FORT PIERCE, Florida - One of the more interesting developments arising from our involvement in handling automobile diminished value appraisals has been the fact that insurance adjusters - our adversaries for all intents and purposes - recommend The St. Lucie Appraisal Company to their families and friends. During the course of their work, adjusters assigned the task of settling diminished value claims for cars and trucks see every type of report generated by independent appraisers in all 50 states. There is a measure of satisfaction knowing that the people trying to devalue our expertise professionally do a complete reversal by recommending our services to those most important to them personally. The quality of our reports speaks volumes and the methodology we use - obtaining dealer quotes - is recognized as the most legitimate way to measure true diminished value in the real world.

There are many independent appraisers that advertise their services in Google, Bing, Yahoo and elsewhere on the internet. You will find everything from cut-rate diminished value reports costing as little as $39.00 to offers that tout "free" diminished value reports that are nothing more than come-ons for higher priced services. While most consumers are wise enough to see through these silly scams, others, especially foreign-born individuals, are easy targets.

"You get what you pay for" is a time-honored saying that applies to most things in life and diminished value appraisals are no different. Insurance adjusters are trained to spot bargain shoppers. They know that a claimant who presents them with a cheap-o appraisal or, even more so, a free quote from an auto dealer, is not the type of person who will put up much of a fight. Not only will the adjuster make an initial low-ball offer, they will refuse to budge, knowing that the claimant won't be likely to hire an attorney to represent their interests. The likelihood of these penny-wise, pound-foolish claimants taking whatever settlement is offered is greater than the prospect of their spending additional time and money defending their positions. This is not to say that independent appraisers charging four or five hundred dollars for their reports will guarantee success. The appraiser's methodology must also be legitimate for the report to be deemed indefensible by the insurance company.



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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


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. 

Saturday, February 15, 2014

GOOD GUYS IN BLACK HATS – SCAMS IN THE AUTOMOBILE DIMINISHED VALUE APPRAISER BUSINESS

 
GOOD GUYS IN BLACK HATS – SCAMS IN THE AUTOMOBILE DIMINISHED VALUE APPRAISER BUSINESS



FORT PIERCE, Florida - Everyone hates lawyers. The reason is plain, simple and timeless. Most of them are slimy, blood sucking parasites that prey on rich and poor alike. Automobile Diminished Value Appraisers are acquiring the same sort of reputation. And, not unlike the rare honest attorney who hates being lumped in with the garbage, we’re exasperated by the number of scammers working in the field of Automobile Diminished Value Appraisal.

The St. Lucie Appraisal Company (http://stlucieappraisal.net 772-359-4300) and our associated company, Automobile Diminished Value Appraiser (http://automobilediminishedvalue.com 772-579-9400) are two companies showing no complaints on Better Business Bureau, complaintsboard.com and Rip-off Reports types of websites. While this might seem advantageous for our business, guilt by association contributes greatly to a general deterioration of customer confidence in the industry.

We recently researched the Automobile Diminished Value Appraisers that advertise on the Google, Bing and other search engines. They are the ones listed at the top and right side of the search pages and they are there because they pay a lot for the privilege. Unfortunately, a closer look at most of these firms reveals less than satisfactory reputations in review sites, in forums and in automobile discussion groups. While we can’t mention them by name, a little due diligence will expose an astonishing number of disgruntled customers. Common complaints are dishonesty, carelessness, false advertising, worthless reports, unreturned calls and promises of unrealistic results.

Official sounding titles like “accredited” and “certified” are also used to inflate the credibility of many unscrupulous appraisers. These are nothing more than designations for which they pay a yearly fee. In most states, independent appraisers and insurance adjusters are licensed. This assures consumers that they will receive competent reports. Fraud and false advertising are just two of the misdeeds that will cause a state-licensed appraiser or adjuster to have his license revoked.

An interesting example - and we point out the name of the organization because it holds itself up as an “association” - is The National Association of Diminished Value Appraisers. Its web site, which originates from Scotland, informs consumers that they can obtain a “free” diminished value calculator as well as a “self-help” diminished value calculator. Upon further investigation, the “free” version costs from $39.99 - $99.99 while their “self-help” version will set you back anywhere from $14.99 - $99.99. Is it any wonder that American consumers look very skeptically at Automobile Diminished Value Appraisers as a whole?

Methodology is another critical factor consumers should consider when choosing an Automobile Diminished Value Appraiser. Does the appraiser simply conjure up a formula to determine the amount of diminished value? This simple approach, not unlike State Farm’s infamous Rule 17-C, takes but a few seconds to formulate yet independent appraisers using these methods charge up to $400 for their reports. Scanning automobile auction results to determine diminished value is another easy but imprecise method used by some appraisers. Insurers routinely downgrade or refuse to recognize this method as being too non-specific. The buyers of these previously repaired cars, new car dealers who take them in trade, basically set the market because they know better than anyone what the used-car buying public will pay for previously repaired cars. Obtaining at least six verifiable quotes from dealers stands as the most reliable method for determining diminished value. If your appraiser doesn’t at least offer that, we recommend that you look elsewhere.

Dealing with insurance adjusters proclaiming formerly wrecked cars are worth every bit as much as cars that were never in collisions is bad enough. Having to wade through the muck and mire of the independent Automobile Diminished Value Appraisers that are supposed to be on your side is just makes the situation that much more unbearable. Kind of like it is with lawyers.


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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


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. 

Tuesday, January 28, 2014

AUTOMOBILE DIMINISHED VALUE - FALSE PROMISES BY INDEPENDENT APPRAISERS


FORT PIERCE, Florida - When we speak to a customer about their automobile diminished value claim, at no time do we make promises in order to obtain their business. Frequently, we are called upon to perform a diminished value appraisal after other independent appraisers already did so. The stories are familiar - such and such appraisal company told us that the diminished value of our car would be over $10K but their report only came in at $2K. Or, so and so appraisal company assured me that the insurance company would pay the full amount but, instead, the insurance adjuster low balled me. The worst ones are those who say "I should have listened to you" after their diminished value appraisals were rejected because they were prepared based on formulas or auto auction results instead of actual dealer quotes. The St. Lucie Appraisal Company does not offer money back guarantees. What we do - contacting numerous new car dealers and obtaining their opinions of your car's diminished value - requires a great deal of time. We don't simply concoct a formulaic appraisal or run off pages and pages of auction results. But most of all, we don't make promises that we can't keep. Below is a page that was taken from a Better Business Bureau complaint involving an independent automobile diminished value appraiser. We omitted the name of the company for obvious reasons but the content will illuminate some of the scenarios that people seeking diminished value appraisals face.

Complaint about XYZ DV Appraisers: Company refuses to give me back my money. Despite their money back guarantee.
I contacted **** in regards to a DV claim. I inquired about what the claim specifically entails and was told by ****** ***** that the "mission here at **** is to help you collect the settlement you deserve". This was unclear to me so I called. I spoke with ******* ***** who told me I'd be paying for a claim to get financial compensation from an insurance company. I asked what happens if the company says "no" and she laughed at me. She told me she's never seen a company just say no, they HAVE to pay you. Based on her word, I paid for **** services. I was denied twice by the insurance company, the last time the insurance company cited a supreme court case in ** that dismissed the notion of diminished value. When I asked what was next a man named **** ****** said he wasn't a lawyer so he couldn't comment and advised me to find an attorney and take the case to small claims court. No one ever said anything about lawyers or court. I then demanded my money back. I was basically told that I was lying about what I was told, that *** ***** never told me the company had to pay me. I was told I could only get my money back if I signed a contract stating that **** "acted in good faith and provided a quality product" - which they did not, and I must promise "not leave any feedback, comments or testimonials about the provider's services or appraisal practices and remove any content already submitted against the provider, electronic or otherwise."


I will not sign my name to a document that is false, nor to a document that prohibits me from speaking my mind. I told the company this and they have ignored me.
Initial Business Response
Contact Name and Title: **** ******
Contact Phone: XXX-XXX-XXXX
Contact Email: ******************
A REFUND WAS ISSUED - THIS DEMAND IS WARRANTLESS. Additionally, we don't have a money back guarantee on the product she ordered (only on local appraisals).

Since, in good faith, a refund was issued yesterday, this matter should be dismissed and the case closed. Thank you so much.

Final Consumer Response
(The consumer indicated he/she ACCEPTED the response from the business.)
This company is a fraud.
A person making an automobile diminished value claim has enough to contend with in light of the fact that there are unscrupulous insurance companies that practically force you to take them to court. You don't need to be defrauded by your own independent appraiser as well.


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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


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. 


 
Read Unbiased Consumer Reviews Online at AngiesList.com
Check our Reviews on Angie's List

Image courtesy of imediaconnection.com

Keywords for this article: automobile, diminished value, independent, appraiser, claim, appraisal, insurance company, low ball, dealer, quote, The St. Lucie Appraisal Company, money back guarantee, Better Business Bureau  

Updated 02-13-2014


Saturday, January 4, 2014

PROVING AUTOMOBILE DIMINISHED VALUE. WHAT CONSTITUTES PROOF?


PROVING AUTOMOBILE DIMINISHED VALUE. WHAT CONSTITUTES PROOF?

FORT PIERCE, Florida - It is the responsibility of the auto owner filing  a diminished value claim to determine which type of appraiser to hire to prepare their report. Due diligence will reveal a number of different methods employed by independent appraisers to arrive at their conclusions. Briefly, there are just three of them - an appraisal in which a formula is used to arrive at a conclusion, the type of appraisal that relies on automobile auction results and the appraisal in which actual dealer quotes make up the body of proof that shows exactly how much value a car has lost as a result of having undergone collision repairs.  Finding the appraisal firm that will be successful in proving that the car has, indeed, suffered a diminution of value requires more than just opening a local telephone directory. Insurance companies, like any other business, can range from responsible to unscrupulous and even predatory. Should an auto owner become a victim of unfair claim practices, a logical progression might place them in front of a magistrate or mediator. Their appraiser should be able to present himself as an expert witness and his diminished value report must stand up to any type of scrutiny.

The methodology used by The St. Lucie Appraisal Company goes beyond being generally accepted. It is, in fact, precise because we obtain six dealer quotes that are based on the specific vehicle involved and the exact nature and amount of repairs that were done. Should an auto owner need to hire an attorney, that person will scrutinize the diminished value appraisal carefully. A good lawyer will know whether or not the report is acceptable proof of actual diminished value. Will an appraisal that relies on a formula to determine the vehicle's loss of value make sense to a judge? Does the sort of appraisal that relies on auction results of similar types of cars serve as adequate evidence? The independent appraiser who has taken the time to describe the exact car in question to six dealers and asked them how the specific repairs that were done impacts the car's fair market value provides common sense answers in proving that actual diminished value has occurred.

Looking at automobile diminished value from an insurance company's point of view is helpful in deciding which type of appraisal suits your needs. Independent appraisals based on formulas tend to be less expensive but insurers have their own formulas which will likely be at odds with yours. The variety of appraisals based on generic auto auction results, which, for some reason tend to be the most expensive, are routinely rejected by insurance adjusters as being non-specific. But before pronouncing The St. Lucie Appraisal's method of providing six dealer quotes the gold standard in diminished value reports, even our appraisals have been questioned by insurance companies.  The following quote comes from an insurance company adjuster. "Car dealers have an institutional conflict of interest that hardly should make them the arbiter of whether a vehicle loses value if it is involved in an accident. It is in a car dealer’s interest to pay as little as possible for vehicles."  It had to be pointed out to the adjuster that none of the six dealers, in this case, Honda dealers, were under the impression that they would be buying the vehicle in question nor would they be taking it in trade. Their opinions were completely unbiased and that detail served to resolve the conflict. If a vehicle owner believes that their claim has been wrongfully denied or rejected, they may have the matter reviewed by their Department of Insurance. Automobile diminished value after collision repairs is recognizable but that doesn't  stop insurance companies from saying that is doesn't exist. When all is said and done, the burden of proof lies with the auto owner so it is critical to provide irrefutable evidence that there is a discernible difference in how much a used car buyer will pay for a previously repaired car versus one never having been involved in a collision.



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



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


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. 
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