How can I calculate the diminished value on my own to make the most money out of insurance company?

I was in an accident last week and I was considering filing a diminished value claim. How can I make sure that I get all the money that I deserved from the other driver's insurance company?
Answer

After the repairs are finished, you may utilize a third-party service like Kelley Blue Book to determine the market worth of your car. Their calculators do all of the math for you. Simply input the vehicle's make and model, year, mileage, and the degree of the accident damage.

You may also contact your own agent and ask for assistance, even if you aren't submitting a claim with them.

You might also hire a lawyer to assist you in managing the process and obtaining a fair settlement. However, this makes sense only if you possess a high-end vehicle that has been severely damaged in an accident.

 

Elena G.
Answered on March 4, 2022

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