Diminished Value Service
Even after repairs, an accident can leave your vehicle with a reduced market value. CTI’s Diminished Value appraisal service helps you understand and recover the loss in value.
Understanding Diminished Value
When you contact us regarding Diminished Value, we’re here to guide you through the process and determine if a claim is viable:
Initial Inquiry
- You’ll speak with one of our friendly representatives who will explain our service and the process.
- We’ll ask for details about the accident and the vehicle’s current condition.
- We’ll inform you of the potential for a successful claim and what information we’ll need to proceed.
Gathering Information
- Adverse Insurer Communication: We’ll instruct you to reach out to the at-fault party’s insurance carrier to inquire about their diminished value claim process.
- Intake Documentation: If the insurer is willing to consider a claim, we’ll have you fill out our comprehensive intake form.
Producing the Report
- We’ll contact the repair facility for the final bill and detailed photos of the damage.
- Our team will then diligently work on creating your diminished value report.
Report Delivery
- Once completed, we’ll email you the report within a week.
- This document will serve as the foundation for your claim.
Submission and Follow-Up
- You’ll submit the report to the insurance carrier of the person who damaged your vehicle.
- We’re available to answer any questions or provide guidance throughout the submission process.
The Outcome
- If the claim is accepted, you can expect a fair payout for the diminished value of your vehicle.