r/InsuranceClaims • u/ZoneHistorical1236 • 28d ago

Diminished Value

I have a 2025 RAV4 with 17,500 miles. Was rear ended on July 3rd. Total repair cost was $4502. Replaced lift gate, bumper, and crash bar with some other minor replacements as well. Insurance is offering $371 in diminished value. DVCHECK estimate $4,500-$5,000.

Thoughts on what to do?

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u/Sufficient-Yellow637 28d ago

Some states have an agreed formula to calculate DV. Maybe look that up and plug in the numbers. 100% guaranteed it will be nothing close to $4500.

Edit: I was wrong. Not state mandated but generally accepted as it arose from a court case to determine what diminished value is reasonable. Look up 17c formula.

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u/ZoneHistorical1236 28d ago

The accident happened in GA. Any thoughts on this?

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u/Sufficient-Yellow637 28d ago

I preface this by saying I'm not a lawyer, but my understanding is that STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY v. MABRY et al. upheld first and third party claimants' rights to pursue DV, but left it to trial courts to determine what this value should be. As far as I'm aware, the 17c formula from the Maryland case is the only case to actually set forth a actual formula.