What’s the ‘Value’ in a Diminished Value Claim?
sudoku including every used auto dealer — will use the internet to find out if the car has ever been in an accident. Fortunately, if your car is damaged in an accident, but not totaled, you can make a diminished value claim against the insurance company You go to check out a used car. It looks like it’s in great shape, drives well, and the price is right. Then the seller mentions it was involved in a major accident two years ago. Will that information change how much money you’d offer? Of course it will. Just having been in an accident, a car loses value and not just in the eyes of the beholder. We’re talking about real, hard dollars. Even if everything’s in great shape now , the car will be followed and tainted by that history forever. These days, almost all buyers —
of the at-fault driver. This sort of claim covers the lower blue-book value of your vehicle due to the accident. Unfortunately, diminished value claims are very hard to win. Instead of following a process, as you might with other claims, diminished value claims are much more of a negotiation. The insurance company can be talked into giving more money if you do everything right, but they can also run you into the ground. In addition, the laws around these claims vary state by state. For example, in Virginia, you can file a claim up to five years after the accident. But in Maryland, you can only do so up to three years later. Insurance companies love to turn these claims down, and they’ll use any loophole they have to do it.
But you have to try, right? Otherwise, you’re out hard dollars. The potential for diminished claims to help people with damaged vehicles is tremendous, but the path to success can be a minefield. We’re here to answer questions if you have them and help in any way we can.
Polvorones (Powdered Cookies)
Ingredients • 2 1/2 cups flour • cup butter •
cup Crisco shortening
• cup sugar • 1 tablespoon almond extract • Nonpareil sprinkles
Directions 1. Heat oven to 350 F. 2. In a deep bowl, cream butter and Crisco. Add sugar slowly and mix well. Add almond extract and mix well. Add flour in small portions until the mix is hard to stir. 3. Form dough into small balls and place on an ungreased cookie sheet. Press the center of each ball to make a small well and fill each well with sprinkles. 4. Bake for 15–20 minutes or until golden. Do not overbake. Cool and serve.
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