diminished value result
#1
![Default](/forum/images/icons/icon1.gif)
Just received an ok from insurance co. (Other partys) to pay requested money from my car being rear ended. No bickering from them. I'd sent a letter of the amount, from the dealer I bought the car from and a letter from my lawyer asking for the loss of resale value. My lawyer did have to make a follow up phone call, but that was all. Done deal !! Their ins. Co. Also paid $ 8600.00 for the body shop work.
#2
![Default](/forum/images/icons/icon1.gif)
Just received an ok from insurance co. (Other partys) to pay requested money from my car being rear ended. No bickering from them. I'd sent a letter of the amount, from the dealer I bought the car from and a letter from my lawyer asking for the loss of resale value. My lawyer did have to make a follow up phone call, but that was all. Done deal !! Their ins. Co. Also paid $ 8600.00 for the body shop work.
#3
![Default](/forum/images/icons/icon1.gif)
Glad to hear it. Most insurance companies put up a fight regarding diminished value cases because they know the majority of owners will eventually cave in and go away, or accept much less for fear of going to court. I had to take the other party's insurance company to Small Claims Court in my initial diminished value case back in 2009/2010 on my S-Type. I got a fair settlement in court so it was well worth the time and hassle. The diminished value case with my wife's XK8 in 2014 was a bit easier and quicker. The other party's insurance company discovered I had been through the process before and chose to settle with me rather than risk losing in Small Claims Court and having to pay me plus all the legal and court costs on both sides....
Congrats for your efforts. More folks need to understand how the process works when their property is damaged by others' negligence/carelessness....
I deposited my diminished value awards into my Jaguar Maintenance Fund money market account and use it for the ongoing care and feeding of all three of our vehicles....
Congrats for your efforts. More folks need to understand how the process works when their property is damaged by others' negligence/carelessness....
I deposited my diminished value awards into my Jaguar Maintenance Fund money market account and use it for the ongoing care and feeding of all three of our vehicles....
Last edited by Jon89; 03-04-2015 at 12:39 PM.
Thread
Thread Starter
Forum
Replies
Last Post
rominempire
XJ XJ6 / XJ8 / XJR ( X350 & X358 )
28
10-08-2020 10:39 AM
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)