| Less than 1% of the population in Texas is aware of Diminished Value. Naturally, many of our customers have questions about how we determine Diminished Value, and what the process is for recovering this loss. Here are a list of our most commonly asked questions: |
| 1. What is Diminished Value? Diminished Value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. This is also known as "Loss of Value" Example: A Honda Accord that has been in an accident is worth less than a Honda Accord with no accidents. Even if the Honda Accord was repaired well with no visible damage, the risk of unseen damage increases, and will cause Diminished Value. |
| FAQ's |
| 3. Am I owed Diminished Value? After an accident, the insurer is obligated to completely restore your vehicle to the condition it was in before the accident (pre-loss condition). Even after repairs, your vehicle is not in pre-loss condition because of Diminished Value. After an accident you are owed Diminished Value. |
| 4. Who pays Diminished Value? The person at fault is responsible. Typically, their insurance company is responsible for covering any DIV obligation that is owed to you. |
| 5. How do I get paid for Diminished Value? To get paid for Diminished Value, you must provide documentation to the responsible insurance company with an accurate assessment of your Diminished Value. That's where we come in (keep reading). |
| 6. Who is working for me? The consumer is usually trapped between the insurance company's desire to minimize their losses and the repair facilities desire to make a profit. Today many repair facilities and insurance companies have established relationships similar to a HMO/PPO. TAS is an unbiased third party to assure the consumer that these circumstances do not short-change them in the recovery of their losses owed under their policy and the law. |
| 7. What does TAS do? TAS gets you paid for Diminished Value! Our $450.00 Diminished Value Report provides you with the unbiased documentation needed by the insurance company for payment. |
| 8. Does TAS have a guarantee? No one can guarantee how an insurance company will react to a diminished value claim. What we can tell you is that the law is very clear about who can claim diminished value. Once you hire TAS to complete a report, we will be with you at no additional charge, until your claim is resolved. |
| 9. What experience does TAS have? Based on years of experience, TAS was created by automotive industry experts to help YOU, the consumer! The TAS creates your Diminished Value Report using nationally accepted methods. |
| 10. What makes TAS different? What makes TAS different than any other service is our professional approach to the process and our excellent documentation! There are many "fly-by-night" groups who would want to take your money and prepare an easily challenged report without have the experience in the auto industry to make this determination! The professionalism of your report will greatly impact the speed and amount of settlement you will be paid. |
| 2. Does my vehicle have Diminished Value? After an accident, your car suffered Diminished Value. Even the best repairs to your vehicle will have a permanent condition called "evidence of repairs," which will negatively effect the resale value of your vehicle. Under law, everyone must disclose any accident history when selling a vehicle. After such a disclosure, most buyers are not willing to pay the same amount for the vehicle. |
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| Open M - F, 8am - 5pm 1100 NW Loop 410, Ste 503 San Antonio TX 78213 Toll Free: (888) WRECK - 911 Local Phone: (210) 733-1126 Fax: (210) 733-1156 |
| It is important to note that all of our services are free, with the sole exception of the Diminished Value Report It is important to note that all of our services are free, itself. When purchasing the report, all additional services (including our assistance in the settlement process) are free. |
| Texas Auto Services |
| We are THE Diminished Value experts! |
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