DO YOU QUALIFY FOR A DIMINISHED VALUE CLAIM?
Use the following points to determine if you qualify. You may be eligible to file a diminished value claim.
Diminished Value Checklist
Texas is a diminished value state, which means you may be entitled to the diminished value of your vehicle after an auto accident. The statute of limitation on diminished value claims in Texas is 2 years, and Texas does have uninsured motorist coverage for diminished value. You can’t submit a Texas diminished value claim if you were the at-fault party in an accident, or if the damage was caused by something other than a collision. You can see if you qualify for a diminished value claim by filling in the claim review form below.
As an appraiser we provide you with the report and assist you in your claim
Diminished Value (DV) is the loss in market value that occurs when a vehicle is wrecked and repaired. A reasonable consumer will not pay the same price for a wrecked, then repaired vehicle, as they will for a vehicle with no accident history. Even if the repairs were done well, the vehicle will still lose value. We can provide this service for you!
IF YOUR VEHICLE IS
- Is newer with low miles (less than 7 years old with under 100,00 miles)
- Was in good condition prior to the accident
- Does not have a previous accident history or if it was in an accident before, the previous damage was minor
- You own the vehicle and it is not leased (making loan payments/financing is okay)
- Another driver was at-fault for the accident