DIMINISHED VALUE CLAIMS

Not all vehicles that have sustained damage qualify as having reduced value. If the claimant’s vehicle was low in value to start with, or if the accident did not cause significant damage, the actual decrease in value of the subject vehicle may not be appreciable to file a claim.

The following is a list that may include several circumstances which may disqualify the claimant from making a diminished value claim:

 

  • The subject vehicle does not have a substantial market value (typically cars under $7,000)

  • Claimant already signed a full and final release of all claims and demands

  • The accident caused minimal damage (usually under $1000)

  • The vehicle has excessive mileage (averaging 30K miles per year)

  • The car is too old (most cases 10 years or older)

  • The vehicle has a branded title (salvage or rebuilt)

  • Multiple prior accidents with greater damage

  • Subject vehicle was declared a total loss

  • The statute of limitation has elapsed

If you would like to request a Diminished Value Claim, please fill out our ACIS PRO Service Request form. We'll contact you within 24 hours of your form submission.

acis pro fb
acis pro twitter
acis pro google +
acis pro
acis pro
acis pro linkdin

ACIS offers an integration of services designed to bring transparency and efficiency to the insurance claims industry. We combine superior service, accelerated processes, and experience to help our clients achieve, and maintain, higher standards, while continuously setting the bar for our competitors.

©2005 - 2018 ACIS PRO LLC - ALL Rights Reserved