Tag: philadelphis diminished value appraiser

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The term “Philadelphia Diminished Value” means that cars which were damaged and subsequently repaired lose market value as a result of having a repair history, sometimes known as a “Bad CARFAX.” In Pennsylvania, this lost amount is recoverable from insurance companies of at-fault parties. The amount of diminished value is determined by the damages that were repaired and the vehicle itself.

Legal precedents have been established that inherent diminished value damages are recoverable when repair will not restore the car or truck to its fair market value before the loss. In cases where probative evidence shows that repairs failed to restore the fair market value prior to the damage, the cost of repairs made plus post-repair diminution in value of the property will ordinarily be the proper measure of damages. This applies to diminished value in Philadelphia as well as the rest of Pennsylvania.

The St. Lucie Appraisal Company’s methodology for determining diminished value is unique within the industry. After making our determination of a car’s loss in value, we confirm our opinion by consulting with the sales managers at six local dealerships. We average their unbiased opinions to establish the vehicle’s diminished value. This proof establishes probative evidence into the existence and approximate amount of diminished value.

It is this type of reporting that car owners need to convince insurance companies to make fair settlement offers. In cases that require litigation, this evidence is what is necessary to obtain a favorable judgement. Car owners are entitled to recover the reasonable repair costs and any residual diminution in value.

WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE

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Before making your secure payment please email the body shop estimate or insurance company appraisal to contact@autodiminishedvalue.com

Click on the payment button above to pay by Credit Card or Paypal. The fee for an Automobile Diminished Value Report is
$275.00. You may also make your Credit Card Payment by telephone, call 772-359-4300. Tesla and other exotic car owners please call for rates.

Service in Philadelpia, Allentown, Reading, Upper Darby, Lower Merion, Bensalem, Abington and throughout Pennsylvania.

This is an Open Education resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company
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