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Diminished value $50!!!???

Originally Posted by street2soul my car was rear-ended and the fault insurance adjuster refused to replace the bumper (which costs $1870), instead cuts me a check of $1099. Also i

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Diminished value $50!!!??? Diminished value $50!!!???
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Old 09-10-2013, 05:34 PM   #13 (permalink)
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Originally Posted by street2soul View Post
my car was rear-ended and the fault insurance adjuster refused to replace the bumper (which costs $1870), instead cuts me a check of $1099.
Also i filed for diminished value, they came up with the diminished value of $50!!!!!!

I refused to take that $50, now I do not know what to do.
Insurance companies seem to think everyone is too poor to wait to get paid. It is a tactic that must serve them well but when I found out the $4,000 offer on my car was all they wanted to pay, I went out and bought my 370Z and told them I now have a car and you hold nothing over me.

The law in CA at least is they have one year to settle. I was not taking any of their offers and over three months, the offer had risen to $8K, then 12K. I had them call in a referee or umpire, I forget which. Finally we settled upon over $16K.

Hang in there and they will come around.
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