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Auto Insurance Claims/Hail damage-diminished value?

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Expert: - 4/9/2009


Question
Hello,
I have a new 2008 MErC C-300 it was damaged quite bad in the Hail storm. Because of my comprehensive coverage, the insurance company is covering al my expenses, except for my deductible., But I wanted to know if I could claim Diminished Value for the car too. I'm in Austin, TX.

Answer
Hi Suudarshan,

Unfortunately no. In Texas you can not be paid diminished value under your own policy except for an uninsured motorist claim.

Only when another driver is responsible for your damage can you be paid for diminished value and it would be from them or their insurance company.

I hope this helps
Richard Hixenbaugh

Auto Insurance Claims

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Richard Hixenbaugh

Expertise

Auto insurance claims procedure, auto coverage, liability issues, auto damage questions, how to deal with the insurance company, loss of use and diminished value.

Experience

I have been involved in the insurance industry for over 25 years. I have experience in underwriting, sales, claims adjusting, auto damage estimating, auto value appraising and diminished value appraising. I have testified as an expert witness over 35 times.

Organizations
Society of Certified Auto Appraisers

Education/Credentials
Completed all required courses for the Florida Property-Casualty agents license and the Florida claims adjusters license. I have attended various courses on auto damage estmating, vehicle appraising and am ASE certified in collision damage analysis.

Past/Present Clients
My company has done work for consumers nationwide.

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