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Car Forum / Mercedes-Benz Cars / March 2007

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Diminished Value

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A Reader - 29 Mar 2007 08:20 GMT
I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say you
can.  I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount.  Anyone else know about this stuff?

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CLK430 - 29 Mar 2007 18:09 GMT
Last year got 10% of the value of my MB in diminished value after a
rear end collision.  ($2,250).  My own insurance company (uninsured
motorists claim)

Three years before, got $3k from State Farm when one of their insured
members hit my Volvo wagon.

Most insurance companies will send yo a form if you ask for it...but
will not 'advertise' the fact.

But --- the likelihood of getting such a claim is much lower if the
car has already been in an accident.

>I didn't know you could collect for the reduced market value of your car
>after an accident repair, but the articles at www.claimsreporter.com say you
>can.  I know most people will not buy a car with a bad Carfax unless it's
>offered at a big discount.  Anyone else know about this stuff?
 
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