Diminished Value Claims
Inherent Diminished Value
Now that insurance companies have admitted the existence of Diminished Value damages in general, many are attempting to deny the existence of any Diminished Value on individual cases and/or minimize the dollar value assigned to those Diminished Value claims.
This is your opportunity, as a Consumer, to provide your input. Following is described a Factual Situation about which you are requested to Answer Three (3) questions as well as provide us with your eMail address where we, or anyone validating the results of this survey, may contact you to verify your input.
~ Factual Situation ~
Assume, for the sake of this survey, you are in the market to purchase a specific resale vehicle that typically sells for $20,000.00. Your venture into the market place leads you to three vehicles that ideally fit your needs. All are comparable in Year, Make, Model, Equipment, Apparent Condition and Miles.
All three units are available for $20,000.00.
• Vehicle "A" has No collision history and all original Factory Warranties will transfer to you.
• Vehicle "B" had incurred $5,000.00 worth of collision repairs per factory recommendations using new factory original (OEM) body parts. All original Factory Warranties will transfer to you.
• Vehicle "C" had incurred $5,000.00 worth of collision repairs but has After-Market Body and/or Mechanical Parts. Only a portion of the original Factory Warranty will transfer to you. The original Factory Warranty will Not cover the After-Market Parts nor any Consequential Damage due to a Failure of those After-Market Parts.
All other factors are equal !
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