BenTheRighteous
Well-known member
My 2017 Leaf S with 2,900 miles on the odometer was hit a couple weeks ago... grr.
The other driver's insurance paid for the repair, so that's all squared away, but now I'm also trying to collect a diminished value settlement from them. In a nutshell, the diminished value is the difference in price that you could have sold the car for on the day before the accident, vs. what you could sell the car for now after the repair.
Typically you use a source like KBB or Edmunds to establish the value difference, but they don't help in this case because my Leaf is so brand new.
So what I did instead was I asked the dealer I bought the car from to prepare 2 trade-in quotes, one with the damage factored in and one without. I figure that's a fair guideline for a diminished value claim, but the insurance company disagrees... especially since the difference in quotes ($2,000) is greater than the value of the repair ($1,370). They're offering $1,000 instead.
Does the community have experience with such claims, and/or opinions on whether it's reasonable to expect a $2,000 payout in this situation?
The other driver's insurance paid for the repair, so that's all squared away, but now I'm also trying to collect a diminished value settlement from them. In a nutshell, the diminished value is the difference in price that you could have sold the car for on the day before the accident, vs. what you could sell the car for now after the repair.
Typically you use a source like KBB or Edmunds to establish the value difference, but they don't help in this case because my Leaf is so brand new.
So what I did instead was I asked the dealer I bought the car from to prepare 2 trade-in quotes, one with the damage factored in and one without. I figure that's a fair guideline for a diminished value claim, but the insurance company disagrees... especially since the difference in quotes ($2,000) is greater than the value of the repair ($1,370). They're offering $1,000 instead.
Does the community have experience with such claims, and/or opinions on whether it's reasonable to expect a $2,000 payout in this situation?