Jump to content

The RennTech.org community is Member supported!  Please consider an ANNUAL donation to help keep this site operating.
Click here to Donate

Welcome to RennTech.org Community, Guest

There are many great features available to you once you register at RennTech.org
You are free to view posts here, but you must log in to reply to existing posts, or to start your own new topic. Like most online communities, there are costs involved to maintain a site like this - so we encourage our members to donate. All donations go to the costs operating and maintaining this site. We prefer that guests take part in our community and we offer a lot in return to those willing to join our corner of the Porsche world. This site is 99 percent member supported (less than 1 percent comes from advertising) - so please consider an annual donation to keep this site running.

Here are some of the features available - once you register at RennTech.org

  • View Classified Ads
  • DIY Tutorials
  • Porsche TSB Listings (limited)
  • VIN Decoder
  • Special Offers
  • OBD II P-Codes
  • Paint Codes
  • Registry
  • Videos System
  • View Reviews
  • and get rid of this welcome message

It takes just a few minutes to register, and it's FREE

Contributing Members also get these additional benefits:
(you become a Contributing Member by donating money to the operation of this site)

  • No ads - advertisements are removed
  • Access the Contributors Only Forum
  • Contributing Members Only Downloads
  • Send attachments with PMs
  • All image/file storage limits are substantially increased for all Contributing Members
  • Option Codes Lookup
  • VIN Option Lookups (limited)

Recommended Posts

2001 Porsche 911 Cabriolet

Black, 6 sp

71000miles

Excellent condition

Recently, I was in a car accident--rear ended and pushed into car in front of me-front and rear damage generally limited to the bumper covers and everything underneath, Minor engine damage-knocked out a few sensors that caused CEL to come on. Rollover bars deployed necessitating a brand new convertible top since you cannot simply replace the window. No airbag deployment. At any rate, the other driver was 100% at fault. Repairs were a little over $15K. I asked for diminished value and was told no because there was no structural damage. According to insurance company, structural damage means frame damage. This to me is crazy since the repairs totaled about half of what the car was worth pre-accident.

So, I am thinking of filing a claim in small claims and was wondering if anyone else has had a similar experience. also, would be interested in hearing from anyone in the know as to what they think would be a reasonable diminsihed value claim based on the above. By the way, I had bought the car about a month earlier and like most people would not have bought this car if a major wreck showed up on CARFAX. So, I think there is significant diminshed value.

Would love to hear your thoughts. Thanks in advance.

Share this post


Link to post
Share on other sites
    You can remove these ads by becoming a Contributing Member.

First of all, in many states, more and more insurance companies are denying all diminished value claims; some are even requiring the insured party (you) to sign a waiver for any future claims as a pre requirement before issuing or renewing your policy. Their stance is that insurance is there to “make you whole”, and when the car is repaired, you are “whole” again, and diminished value claims are “enriching” you, not making you whole.

As for taking the other party to court, that is always your right, but be very prepared for a fight as I'm sure they will defer the claim to their insurance carrier, who has an entire building full of lawyers that are just waiting for this to happen..............

No one really likes the way insurance works, but these cases are rapidly becoming “test cases” for state insurance regulators.

Share this post


Link to post
Share on other sites

My wife's Mercedes wagon was rear ended to the tune of $3800 of damage -- enough to activate the active head restraints. The car was 2 years old and in pristine condition at the time. After it was repaired, I sent a letter to State Farm (the at-fault driver's insurer) claiming DV. I did some research and found a place that would do a full appraisal for around $300 and another place online that would do a DV report based on inputs on the car's mileage, model, year etc. I went with the latter (sorry, but I don't remember the name -- something like www.dvreport.com) and got a DV report showing around $2k of DV. State Farm haggled with me a bit but we settled on $1750, which I thought was pretty reasonable. Note that State Farm lost a case in Georgia against its own insured for a DV claim.

There is no state where the at-fault insured's insurance company can deny a claim for DV to the other party -- that is just part of compensating you for the damage that their insured caused to your car. The toughest part is demonstrating the value by which your car declined without paying hundreds of $$ for an expert appraiser.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.