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Diminished value $50!!!???

Originally Posted by street2soul my car was rear-ended and the fault insurance adjuster refused to replace the bumper (which costs $1870), instead cuts me a check of $1099. Also i

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Diminished value $50!!!??? Diminished value $50!!!???
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Old 09-10-2013, 05:34 PM   #1 (permalink)
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my car was rear-ended and the fault insurance adjuster refused to replace the bumper (which costs $1870), instead cuts me a check of $1099.
Also i filed for diminished value, they came up with the diminished value of $50!!!!!!

I refused to take that $50, now I do not know what to do.
Insurance companies seem to think everyone is too poor to wait to get paid. It is a tactic that must serve them well but when I found out the $4,000 offer on my car was all they wanted to pay, I went out and bought my 370Z and told them I now have a car and you hold nothing over me.

The law in CA at least is they have one year to settle. I was not taking any of their offers and over three months, the offer had risen to $8K, then 12K. I had them call in a referee or umpire, I forget which. Finally we settled upon over $16K.

Hang in there and they will come around.
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Old 09-11-2013, 12:29 AM   #2 (permalink)
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Originally Posted by Mt Tam I am View Post
Insurance companies seem to think everyone is too poor to wait to get paid. It is a tactic that must serve them well but when I found out the $4,000 offer on my car was all they wanted to pay, I went out and bought my 370Z and told them I now have a car and you hold nothing over me.

The law in CA at least is they have one year to settle. I was not taking any of their offers and over three months, the offer had risen to $8K, then 12K. I had them call in a referee or umpire, I forget which. Finally we settled upon over $16K.

Hang in there and they will come around.
what was the story with this? 16k for diminished value?


OP get the car fixed out of pocket and then fight it out with them. Don't sign or accept anything.
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Old 05-21-2014, 06:46 PM   #3 (permalink)
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what was the story with this? 16k for diminished value?


OP get the car fixed out of pocket and then fight it out with them. Don't sign or accept anything.
It was a 1995 300ZX TT in 2010. So I got 1/3 of what it sold for in 1995.
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