Car Accident Diminished Value Insurance Claim: Up to $10k
Submit your vehicle for a diminished value claim!
Was your car damaged in an accident in the last 5 years? A diminished value claim allows you to recover the difference between your car’s pre-accident value and its value after the repairs from the car insurance company of the at-fault driver.
When your car is damaged in an accident, the market value of the vehicle typically drops—even after repairs are made to restore it to its original condition. That means your car is worth less, even in pristine, post-repair condition, than an identical vehicle that has not been in an accident. The vehicle will now likely sell or trade for less than it otherwise would have.
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Claim Form
Click Here to Submit a ClaimWho's eligible?
All US residents are eligible if the below criteria is met.
Proof of Purchase
Proof is Required
Settlement At a Glance
Settlement Amount
Up to $10,000,00
Claim Form Deadline
05/08/2029
Exclusion Deadline (Opt-Out)
Pending
Final Approval Hearing
Pending
Additional Information
You may Qualify for up to $10k if you meet the below criteia for a Diminished Value Claim:
- The other party was at fault. The other party involved in the accident needs to except fault. If you caused the accident, you generally can’t file a diminished value claim.
- Your aware of the at-fault drivers insurance policy limit. Insurance policy limits serve as a cap on the amount the insurance company is obligated to pay for a claim. Knowing the policy limit allows the claimant to assess whether the available coverage is likely to fully compensate for the diminished value or if additional compensation may need to be pursued through other means, such as a lawsuit against the at-fault party.
- You have a repair estimate. This estimate typically includes labor costs, parts costs, and any additional fees or taxes. It helps vehicle owners understand the expected expenses before authorizing the repairs
It's important to note the at fault party should be the ones covering the repair which should also be indicated on the repair estimate.
- You own a high-value vehicle. If your vehicle is newer (less than 7 years old) and did not have a history of accidents prior to the current incident, you can file this type of claim.
- You meet title requirements. If your car has a rebuilt or salvage title you won’t be able to file a diminished value claim.
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