EZ-DV Diminished Value Calculator
Little known fact: If your vehicle was involved in a collision it is now worth less. This is due to perceived negative vehicle history which results in a diminished value or accelerated depreciation of your vehicle. In many cases this loss in value can be many hundreds or several thousands of dollars. You may be compensated for this loss in value by filing a diminished value claim with the at-fault partys insurance company (in most states). With this new app you can quickly and easily see how much youre owed on your diminished value claim. Then save or email the app-generated report and send it to the insurance company for payment, its that easy.
When it comes to diminished value most people dont know where to begin. With our new, Patent-Pending EZ-DV Diminished Value Calculator, you can see how much youre owed on your diminished value claim in a few easy steps. Simply grab your final estimate from the repair facility, fill out the requested information in the app and get your full EZ-DV Diminished Value Report within a few minutes. Then email your report to the handling adjuster at the other partys insurance company for prospective payment.
Get the ball rolling on your diminished value claim today by downloading our app for free and see how much youre owed in seconds!
Inherent diminished value (what we calculate) is the resale value lost on a vehicle following a collision. This is due to the perceived negative vehicle history that is now attached to that vehicle when compared to a similar vehicle without the negative history. This negative value can, in many cases, be thousands or tens of thousands of dollars in lost value depending on the severity of damage and the vehicle involved. If you were in a collision, werent at fault and your vehicle is under 8 years old, then you are likely entitled to diminished value compensation from the other partys insurance company even if the vehicle was repaired to perfection. In most states you have two years to file for diminished value from the date of the accident. Additionally, if your vehicle was hit by someone without insurance, the other party has exhausted their policy limits repairing your vehicle, or your vehicle was damaged in a hit and run, you may be able to file a diminished value claim against your own insurance policy under uninsured/under-insured motorist coverage. Check with your insurance company, review your insurance policy or contact the Department of Insurance in your state if youre not sure about filing against your own insurance carrier.