Vehicle wrecked, loss of value question

[Keith]

My 2009 Toyota Camry was rear ended about 6 weeks ago. It looks like the damage will probably be close to $2000. His insurance company wrote me a check for about $1460, but the body shop said the adjuster missed some stuff and they will have to get more money from the insurance company.
My question is if/when I get ready to sell my car and they pull a Carfax report, will the value of my car be lower than a car that was never wrecked? If so, by how much? Shouldn't his insurance have to pay me for the loss in value?

[BowSlayer]

That's a good question. I can see where they should be responsible for that but it will never happen.

[lameduck]

Yes!

[xman59]

it probably will value lower, because for one thing it is no longer all original,,

would you give full value for a wrecked car as apposed to one that has not been damaged?

[TxGiant]

Happened to my mom on her old Tahoe, lady side swiped her. She went to trade it in a year ago on a new tahoe and the salesman came back with the carfax and said it showed an accident so they tried to give her about $3000 less than what it was worth. Went to the dealer that fixed the tahoe after the wreck, gave her full price.

Edit: Also my truck was T-boned by a person going 40 and running a stop sign. $7000 worth of damage to the truck not totaled. The insurance adjuster said don't even ask what its worth now

[young dunner]

Yes. Talk to them about a diminished value claim.

[dropem]

Yes. Talk to them about a diminished value claim.

From my understanding this can not be done in Texas.

[TxGiant]

From my understanding this can not be done in Texas.

Tried to with my truck, they said it wasn't worth going after.

[Dan T]

From my understanding this can not be done in Texas.

Yes it can, but you have to go through a party other than you insurance company. Must be a private/independant adjuster.

[kae006]

Yes. Talk to them about a diminished value claim.

I'm pretty sure I was paid one when my car was hit. It wasn't much but it was better than nothing. Talk to your insurance and theirs about seeking a reimbursement for diminished value. I know I didn't get an offer on it and had to be the one to initiate it.

Edit: I don't remember if my car actually qualified and if I was paid for it but I do remember discussing it with the adjuster and wasn't told Texas didn't qualify (doesn't mean it doesn't), but young dunner had the right verbiage which should get you on the right track with your adjuster.

[Keith]

I just dropped my car off at Vandergriff Collision Center near Texas Stadium today at lunch. The guy said it can be done but it will cost around $250 to $500 dollars just for the estimate of diminished value. He couldn't give me any idea how much my diminished value might be, but I'm guessing it would be $1000 or less.

[Dr. Evil]

Google " diminished value". I got $1300 this way a few years ago.

[Jacob]

You can pursue a diminished value claim in Texas. I was rear ended last year causing about 11K in damage to my car. I had to hire a third party adjuster to come appraise the my car along with the repair report. He then sent me a report on the value loss due tothe accident. I then filed a claim with the at faults insurance and they cut me a check in the amount of the Diminished value. I used a company out of Fort Worth for the appraisal. The third party appraisal set me back out $350.00. In my case this was well worth the charge. You will need to determine if the damage amount is worth pursuing a dminished value claim. You can call and discuss with them over the phone and they should be able to point you in the right direction.

[Atfulldraw]

You can recover the diminished value, but you have to prove the diminution in value.

It also doesn't apply to first party claims.

[kae006]

You can't get the at fault party to cover the appraisal? That's silly.