Can I collect a Diminished Value Claim.

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PostPosted: Sun Jan 24, 2010 4:52 am   Post subject: Can I collect a Diminished Value Claim.  

I own a 2002 Honda Civic LX sedan with 68K miles. A GEICO insured driver was at fault and hit me, causing $3,600 worth of damage. I do have the time to fight this if it is possible. I a willing to pay for an appraisal even IF it means I will get a little bit out of it after the appraisal is paid. I already went to three Honda dealerships and got 'voucher slips,' of the cost of the car they would pay prior to the accident and after the accident. Thank you for your help and advice.

jjarochovic19
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PostPosted: Sun Jan 24, 2010 12:16 pm   Post subject:   

Yeah, you have that option. I would be looking up some adjusters in you area that handle DV claims.

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PostPosted: Sun Jan 24, 2010 1:46 pm   Post subject:   

Third party...yep, what state are you in so we can check and make sure there isn't a regulation that sets the calculation formula, and/or any other little 'hick ups' that pertain to your states handling of DV.



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PostPosted: Sun Jan 24, 2010 3:11 pm   Post subject: Can I collect a Diminished Value Claim  

The accident occurred in Ohio. Thanks!


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PostPosted: Sun Jan 24, 2010 3:13 pm   Post subject: Can I collect a Diminished Value Claim  

The accident occurred in Ohio. Thanks!


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PostPosted: Sun Jan 24, 2010 7:02 pm   Post subject:   

OH NO! I posted some info on this dag-gum it...I'll try and find it again....geeeeeeeeeze



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PostPosted: Sun Jan 24, 2010 7:07 pm   Post subject:   

ok, found it..(thank heavens for 'history')

Quote:
Ohio-Third-party diminished value claim.

Court held that the owner of a

damaged vehicle may prove and

recover the reasonable cost of

repairs provided that the cost of

the repairs does not exceed the

diminution in market value or the

fair market value of the vehicle

before the damage was sustained.




What I was concerned about (that doesn't appear to apply to Ohio), there are a few states, that have restrictions on what 'type' of DV, or that a certain calculation has to be used...appears Ohio, has none of these...so start your process.


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PostPosted: Sun Jan 24, 2010 7:30 pm   Post subject:   

Poster if you would like some additional information about DV in Ohio look up "safe collision repairs" and "Dimished Value" and "Ohio" in a search engine, you will find the Ohio resident expert on the subject.



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