Rear ended - tow hook & spare tire well damaged
#41
Three Wheelin'
Good point. DimVal is something certainly worth pursuing but - depending on state - may not be easy.
VA in particular is difficult. From an Washington Post article we get this:
"Where someone else is at fault, the car owner can file a liability suit against the other driver, but Johnson said "diminished value is difficult to prove in Maryland. You'd have to put on expert testimony that value has decreased, and that is almost impossible to do."
Likewise, in Virginia, according to the State Corporation Commission's Bureau of Insurance, insurers "are not paying diminished-value claims to policyholders because it is either excluded specifically in the coverage, or the language in the collision coverage has been interpreted by the Virginia Supreme Court that diminished value is not covered."
So does this mean that owners of new and/or expensive cars are riding around with a potential loss that is not covered by insurance? "Absolutely," said Johnson."
That doesn't mean that it shouldn't be pursued but don't get your hopes up.
VA in particular is difficult. From an Washington Post article we get this:
"Where someone else is at fault, the car owner can file a liability suit against the other driver, but Johnson said "diminished value is difficult to prove in Maryland. You'd have to put on expert testimony that value has decreased, and that is almost impossible to do."
Likewise, in Virginia, according to the State Corporation Commission's Bureau of Insurance, insurers "are not paying diminished-value claims to policyholders because it is either excluded specifically in the coverage, or the language in the collision coverage has been interpreted by the Virginia Supreme Court that diminished value is not covered."
So does this mean that owners of new and/or expensive cars are riding around with a potential loss that is not covered by insurance? "Absolutely," said Johnson."
That doesn't mean that it shouldn't be pursued but don't get your hopes up.
Last edited by ESHBG; 08-22-2012 at 06:41 PM.
#43
#44
Burning Brakes
Thread Starter
A DV claim is something I've been planning to do all along, esp with the amount of damage (based on the $ cost). We'll see.
Thread
Thread Starter
Forum
Replies
Last Post
spoiler900
5G TLX Photograph Gallery
11
09-11-2015 09:39 PM