$16,000 damage, Diminished Value?

6575 Views 19 Replies 11 Participants Last post by Croatian, Apr 18, 2007

dsgti

Discussion Starter · Feb 21, 2007

I hit a powerline pole and it didn't budge at all, i'm fine, but the car is sick in the shop tho.

The worst part of the damage is that the front driver's side frame is bent a little. The insurance company is going to fix it and the bodyshop that I took it to has won numerous awards (Bodyshop of the year in the US in 1995, and they're factory authorized for Mercedes-Benz, Jaguar, Range Rover, Porsche, BMW, Volkswagen, Lexus and Toyota)....so hopefully I'll get the car back with very little problems. BTW there was no engine or tranny damage, the car started after the wreck.

All in all it sucks...but has anyone used their diminished value clause from their insurance company??? I looked it up on the internet and I guess they're supposed to give me a check for how much my car's resale value has diminished. If this is true, I think I can get my car back fixed and ALSO get a check for approx. $5000??? Anyone know anything about this?

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Croatian

· #20 · Apr 18, 2007

i dunno how it works down there with you guys
but up here in canada i am with Pilot insurance

and if i totaled my car say tomorrow .. i would get the current market value of my car, same goes if the damages on the car is more then 10K they would do the same thing witch is not a bad thing for $10 extra on the insurance

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