Diminished value claim question
Hey everyone. Had a question regarding diminished value claims. Bought a new Ioniq 5 standard range and was hit only 5 months after purchase. 8k worth of damage. What would you think would be an appropriate amount for a claim? Thanks in advance
There are companies that will do a DV appraisal for you. It’ll cost you a few hundred bucks and they’ll give you a detailed report showing how they came up with the number. The insurance company of the folks that hit your car will try to lowball you. If they didn’t provide a comparable vehicle while yours was in the shop, claim some loss of use as well. It’s useful to have an additional chunk of money that you’re seeking to recover that you can discount (or not) as a negotiation tactic.
Talk to your insurance agent. They will be able to give you an idea of what to fight for and will likely help you fight for that amount.
They had no clue lol