Diminished Value (DV) Trends

In Nathaniel Hawthorne’s 1850 novel, The Scarlett Letter, the main character had to wear a scarlet “A” to let others know of her alleged sin. Fortunately today, people are not subject to public shame over a single circumstance or event. However, if their vehicle has been in an accident, databases worldwide track this information and … Continued

Insurance Carriers Get Rich while you get stiffed

Having an accident is not a pleasant experience for anyone involved. Especially when your insurance company is getting rich off of your misfortune. Insurance carriers are raking in record-setting profits while you don’t see a dime.   Insurance company’s profits skyrocketed from $26 billion to $31 billion from the beginning of 2014 to the start of … Continued

How does accident history hurt your car’s value?

After you have had an accident with your vehicle, the fair market value will drop significantly.  It’s a fact and very simple to explain.  Take a look at this email thread: From: John <50a95ebe9ae834ffa9c63f00f89a3328@reply.craigslist.org> Date: Wed, Aug 5, 2015 at 7:19 AM Subject: Re: 2010 Toyota RAV4 AWD V6 Limited To: ghfvm-5118189611@sale.craigslist.org Thank for responding.  I … Continued

Diminished Value or a Total Loss, what are my options?

Diminished Value or a Total Loss, what are my options?  What’s your best option after an accident, a total loss or a repaired vehicle plus a diminished value settlement?  Well it’s really not your decision, the insurance carrier of the “at fault” party will get to pick their “proverbial poison”, but you can assist them … Continued

Is your insurance adjuster a clown?

Is your insurance adjuster a clown? When it comes to Diminished Value, we hear lots of silly excuses from insurance companies – quite “clownlike” in our experience.  In fact, they will say anything to discourage you from pursuing a diminished value claim.  They mislead and intimidate you into thinking that you have no grounds for diminished value … Continued

Allstate Insurance wants to sell it’s driver data for a profit

  Here is an article found on Bloomberg stating the the CEO of Allstate wants to sell it’s policyholder’s data for a profit. Perhaps they will use it to develop new products, which is cryptic code for “deny more claims”.     http://www.bloomberg.com/news/articles/2015-05-28/allstate-seeks-to-follow-google-as-ceo-mulls-selling-driver-data?cmpid=linkedin.company

Diminished Value and the modern day Boogey Man

If you ever saw the movie Nightmare on Elm Street, you will remember the repulsive villain – Freddy Kreuger and the look he left on peoples faces every time he appeared on screen. That is the face the insurance claims adjuster sees when he hears the words “Diminished Value”. Insurance companies made $25.2B in 2014 … Continued

How to get top dollar for an accident car?

Unless you live under a bridge and you have friends named “Frodo” and “Bilbo” you know a vehicle with an accident is worth less than a vehicle that is accident free.   Why is that?  Because vehicle history sources like CarFax & AutoCheck are in the business of keeping people honest.  That’s right, they make … Continued

What is the value of a salvage title vehicle?

  What is the value of a salvage title vehicle? CrashCalculator has completed a comprehensive analysis on the impact of salvage title brands on repaired and damaged vehicles. In this study, over 5 million wholesale vehicle transactions were used to identify trends in value diminution associated with salvage (rebuilt) title brands. Discoveries include: Rebuilding salvage … Continued

How does a Bad CarFax affect the value of my car?

A CarFax can be bad (aka “dirty”) for several reasons; title brands like flood damage, Insurance loss, Salvage title, Lemon-law Buyback, Mileage discrepancy, Stolen vehicle and of course the most damaging literally and figuratively – Accident Damage. But what makes the CarFax Report most interesting is the commentary that appears in the report that can … Continued