Search found 5 matches

by FRANKLINPROPERTY
Mon Jul 09, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: NJ Diminished Value Claim
Replies: 7
Views: 804

Re: NJ Diminished Value Claim

Rule 17-C was a formula devised by an insurance company to calculate the amount of diminished value a vehicle has suffered after accident repairs. Note that it was challenged and found to be an unfair and inequitable method by The Georgia Supreme Court who also ruled that it should only be used when...
by FRANKLINPROPERTY
Wed Jan 10, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Diminished value claim - small claims court
Replies: 23
Views: 1812

Re: Diminished value claim - small claims court

A few months ago, I testified in a circuit civil jury trial against State Farm involving an auto diminished value claim. It was a painful and VERY expensive lesson for State Farm yet they continue to misinform, misdirect, mislead and deny fair treatment to claimants such as yourself. Those people wh...
by FRANKLINPROPERTY
Sat Dec 23, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Diminished Value
Replies: 19
Views: 2301

Re: Diminished Value

If I were in your situation the first step would be to contact the NC Insurance Department to determine who is liable for the diminished value. It's a fact that the car has diminished value but their method for determining the amount may be faulty.
by FRANKLINPROPERTY
Fri Jul 29, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: My experience with "older" used car
Replies: 59
Views: 6195

Re: My experience with "older" used car

Definitely spend the money to have an ASE technician scope the car, put it on a lift, pull the wheels, etc.
by FRANKLINPROPERTY
Fri Jul 29, 2016 11:51 am
Forum: Personal Consumer Issues
Topic: Diminished Value Appraisal Recommendation
Replies: 8
Views: 890

Re: Diminished Value Appraisal Recommendation

It appears that your vehicle also had structural damages (judging by the amount of the repair) so I can tell you from experience that a brand-new car that had structural repairs done will lose from 25% - 50% of its value when you go to sell or trade it. We used St Lucie Appraisal who were very helpf...