What is Diminished Value?

Diminished Value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. This is also known as "Loss of Value".

Will my insurance rates go up?

Not if the other party was at fault. The money is collected from their insurance company, not yours.

Who pays Diminished Value?

The insurance company is responsible to pay Diminished Value. If the accident was your fault, it is a first party claim, and your insurance company is responsible. If the accident was someone else's fault, it is a third party claim. In this case, the claim is not paid out from your insurance. Diminished Value is paid from the other person's insurance comapny. However, in a first party claim, some insurance companies disallow Diminished Value claims. Refer to your policy for details.

How do I get paid for Diminished Value?

To get paid for Diminished Value, you must provide documentation to the responsible insurance company with an accurate assessment of your Diminished Value. And, more importantly you have to know how to communicate and negotiate the claim with the insurance company. That is where we come in.

Is the claim really worth pursuing?

Yes. The insurance industry would hope you didn't. However, our experience shows that if you have a professional company representing you in your claim, you will most likely end up collecting.

The insurance company says the vehicle has been repaired properly, and as a result, not suffered Diminished Value. Is this true?

No. The vehicle is still worth less regardless of it being repaired properly due to the accident. The fact is, you cannot sell it for the same amount as a like vehicle which has not been in an accident. And, no dealership will take it in as a trade in for the same amount. Insurance companies have tried to avoid paying on Diminished Value claims for years and they do and say whatever will justify their position. Diminished Value case law has been around for nearly 100 years. We can collect from the insurance company!

If I was in an accident 2 years ago, can I still collect Diminished Value on my vehicle?

Each state has its own Statute of Limitations regarding property damage. Most states have a limitation of 3 years; however, some have more and some have less. Click here to see a list of your state’s Statute of Limitations regarding property damage.

What does Advocate Auto Claims do?

Advocate Auto Claims handles your claim from beginning to end. You do not need to waste your money on getting a vehicle inspection or a Diminished Value report from other online vendors. Advocate handles everything for you with no up-front costs.

What experience does Advocate Auto Claims have?

Advocate Auto Claims has over ten years experience in collecting Diminished Value. We have licensed Public Adjusters on staff that possess the experience, training and working knowledge of the insurance industry to handle your claim.

How much value has my vehicle lost?

Find out now for FREE. Click the button below to get your FREE Instant Diminished Value Estimate now!