In this post, we will explain what diminished value is, the types, how to calculate it, and how to file a diminished value claim.

To summarize, to calculate the diminished value of your car under formula 17c, you would take your vehicle value and multiply it by a 10 percent cap. You would then apply a damage multiplier based ...

How Insurance Carriers Calculate Diminished Value Insurance carriers often use something called the“17c formula” when calculating diminished value claims.

I have seen diminished value claims on expensive cars be over $50,000. Most are much less, but you don't want to miss out on collecting this money, it is a legitimate claim because you will take a ...

The loss of value after an accident might be significant or minor, but it’s a fact of life. Here’s what to know about diminished value and insurance.

A diminished value claim after an accident is tricky because you don't own the vehicle, the leasing company does.

Insurance companies often deny diminished value claims when there is a leased vehicle. They might cite policy exclusions, or they might say the repairs fully restored your car to its pre-accident ...

Maryland drivers who get into accidents with uninsured drivers, or whose vehicles are damaged in a hit-and-run accident, can now recoup their repaired vehicle's loss in value from their own ...

After Walkowiak got involved in Turrentine's claim, USAA went from offering her $417 for her diminished value claim to offering $6,000.

After Walkowiak got involved in Turrentine's claim, USAA went from offering her $417 for her diminished value claim to offering $6,000.

Mandatory uninsured motorist coverage should pay diminished-value claims, Maryland's insurance authority determines.