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 > Your search for posts made by 'ST LUCIE APPRAISAL' found 10 matches.

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RE: Diminshed Value Claims

Just to play along...say your old Explorer is worth $5,000 and the accident caused $3,000 in repairs including structural damage. Any Ford dealer would tell you that they can only give you $2,500 because of the repair history. So, you lost twenty-five hundred. And that's ONLY if you are trading it in on another car. If you are just looking to sell it they will offer even less. Most people here could use an extra $2,500.00. How about you, Mr. Skeptic?
ST LUCIE APPRAISAL 09/25/19 10:21am Class A Motorhomes
RE: Diminshed Value Claims

I was just in an accident with my 2001 Explorer which has 192k miles on it. I’m thinking about going for diminished value from their insurance! Make certain there wasn't a prior repair done to your vehicle because if that's the case the insurance company will practically force you to sue their insured in order to collect. ROFLMAO....which is most likely what the insurance company will be doing also. What is the diminished value on an 18 yr old Ford Exploder? $3.00?
ST LUCIE APPRAISAL 09/25/19 10:18am Class A Motorhomes
RE: Diminshed Value Claims

I was just in an accident with my 2001 Explorer which has 192k miles on it. I’m thinking about going for diminished value from their insurance! Make certain there wasn't a prior repair done to your vehicle because if that's the case the insurance company will practically force you to sue their insured in order to collect.
ST LUCIE APPRAISAL 09/24/19 12:46pm Class A Motorhomes
RE: Diminshed Value Claims

Any qualified RV repairer can tell you whether the vehicle was properly repaired. With structural damages, the RV has lost almost half of its value if the true extent of the repairs are disclosed. Repaired properly or not, would you want to buy a previously frame-damaged vehicle?
ST LUCIE APPRAISAL 09/24/19 07:45am Class A Motorhomes
RE: Diminshed Value Claims

There is an inherent danger in non-disclosure of accident repairs when selling even though the accident doesn't appear on Carfax. Putting the moral issues aside, a subsequent collision to the same area that was repaired could cause a structural failure resulting in injuries, possible lawsuits, etc. If an insurance adjuster should deny or low-ball your claim because it isn't on Carfax, ask them if they are saying that you should withhold the repair info from any prospective buyer. Not one of them will answer yes. Therefore, the "not on Carfax" claim denial approach is easily challenged.
ST LUCIE APPRAISAL 09/15/19 12:04pm Class A Motorhomes
RE: Diminshed Value Claims

You will look at it whichever way you want, Bird Freak, so what would be the point of answering your question? I honestly don't feel that pointing out "You are confusing Diminished Value with Depreciation." is promoting anything but a better understanding for the OP and everybody else.
ST LUCIE APPRAISAL 09/14/19 01:25pm Class A Motorhomes
RE: Diminshed Value Claims

So what kind of damage was sustained in the first place? How much less in value (perceived) has the rig incurred? These things have very poor resale value as it is, so how much worse could the “fender bender” make it? Yes Sir, the diminished value happened the day the sales contract was signed. More fitting to sue the dealer and RV manufacturer. You are confusing Diminished Value with Depreciation.
ST LUCIE APPRAISAL 09/14/19 12:51pm Class A Motorhomes
RE: Diminshed Value Claims

ST Lucie Appraisal. Yes, you are correct, opinions seem to be what you must gather. However, in the eyes of the insurance company you are dealing with for the claim, we at least have been told, "statistical" data presented is not sufficient....basically all opinions you gather and present are not enough to satisfy your claim. So if not acceptable, what is?? What makes you think that the unbiased opinions of six professionals in the business of buying and selling RVs aren't enough to satisfy your claim? I'm pleased that some of those who posted on this thread aren't magistrates. Ultimately, if the insurance company attempts to low-ball a claimant, the RV owner can obtain satisfaction (as well as reimbursement of costs) in a court of law. I should add that your obtaining these dealer quotes will likely get you nowhere because the dealers could be considered "interested parties" whose objective is to make a profit. If an independent appraiser queries the dealers with the understanding that the RV isn't available for purchase or trade then they are unbiased opinions which has evidentiary value. You are going to disclose to these folks you do these diminished value claims for a living and your answers might be a bit biased? That's an asset to you because I'm happy to share my experiences so you'll be treated fairly. I'm definitely biased toward you and not the other way around. Insurance companies aren't nice people. They will send you packing without a dime every chance they get.
ST LUCIE APPRAISAL 09/14/19 12:50pm Class A Motorhomes
RE: Diminshed Value Claims

ST Lucie Appraisal. Yes, you are correct, opinions seem to be what you must gather. However, in the eyes of the insurance company you are dealing with for the claim, we at least have been told, "statistical" data presented is not sufficient....basically all opinions you gather and present are not enough to satisfy your claim. So if not acceptable, what is?? What makes you think that the unbiased opinions of six professionals in the business of buying and selling RVs aren't enough to satisfy your claim? I'm pleased that some of those who posted on this thread aren't magistrates. Ultimately, if the insurance company attempts to low-ball a claimant, the RV owner can obtain satisfaction (as well as reimbursement of costs) in a court of law. I should add that your obtaining these dealer quotes will likely get you nowhere because the dealers could be considered "interested parties" whose objective is to make a profit. If an independent appraiser queries the dealers with the understanding that the RV isn't available for purchase or trade then they are unbiased opinions which has evidentiary value.
ST LUCIE APPRAISAL 09/13/19 08:08am Class A Motorhomes
RE: Diminshed Value Claims

Not sure what kind of proof of diminished value you presented to the adverse insurance company but they do, indeed, owe you for diminished value. I am assuming that there was no structural damage. If that's the case, your RV has lost 10%-15% of its pre-accident trade-in value. Don't take my word for it, ask any RV dealer. I'm not telling you that it is an easy process to collect the full amount. You need a good appraisal, preferably one with multiple dealer opinions, and persistence. If you aren't pro-active your claim will go nowhere.
ST LUCIE APPRAISAL 09/12/19 10:21am Class A Motorhomes
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