and working to make sure you are properly compensated for your loss

Name:
Phone Number
Company Details

Diminished Value Method, LLC
P.O. BOX 1931
Pearl River, LA 70452

Phone: (844) DIMVALU
OR (888) 996-1970
Fax: (888) 460-0439
assign@diminishedvaluemethod.com

Additional Assistance

Wreck Check is a free smartphone app from the National Association of Insurance Commissioners that helps consumers protect themselves by guiding you through the necessary steps after an accident.   To download the app, just scan the QR Code or visit the Google or Apple App store.

Why Formulas Are a Poor Representation of Diminished Value


As a diminished value appraiser, I’ve worked for individuals, plaintiff attorneys and even some insurance companies. I was actually surprised that insurance companies would hire me because their objective is to pay as little as possible; however I am an independent impartial licensed insurance adjuster and have to be objective and unbiased.

 

I cannot influence numbers in the client’s favor. My methods are the most accurate at determining the amount your vehicle will diminish in value, but please don’t ask me to try to skew the numbers in your favor because I won’t do it. If that’s what you want, then you should hire someone else. Formulas don’t work because supply and demand determines diminished value in any local market. Various vehicle models are more desirable and have a higher demand which actually can make the diminished value for that vehicle less because dealers may want it more.

 

Within a particular vehicle model, subtle differences can affect the demand for that vehicle so the bottom line is that a formula such as the 17C formula used by many insurance companies is totally inaccurate because it cannot account for what’s going on in the local market. The only accurate way to determine diminished value is to gather information from local sales managers that are responsible for buying and selling that particular vehicle in the local market. Anyone who tells you otherwise is either uninformed or lying to you.