{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Petty Details of Auto Claims","title":"Why do Insurance Companies HATE Diminished Value Claims?","html":"","width":"100%","height":180,"duration":1458,"description":"In this conversation, Jen and Justin delve into the complexities of diminished value claims in auto insurance. They discuss the challenges faced by claimants, the importance of expert appraisals, and strategies for negotiating with insurance companies. The conversation highlights the need for claimants to understand their rights and the legal landscape surrounding diminished value claims, as well as the role of credible threats in achieving fair settlements. Throughout the discussion, they emphasize the importance of being informed and prepared when dealing with insurance adjusters and the claims process.\nTakeaways\nInsurance carriers are resistant to diminished value claims.\nDiminished value can be calculated based on pre- and post-accident values.\nIn most states, the at-fault party owes for diminished value.\nClaimants often have to accept less than the full diminished value.\nUnderstanding the claims process is crucial for successful negotiations.\nClaimants may need to file small claims suits for fair compensation.\nExpert appraisals are essential for substantiating diminished value claims.\nInsurance adjusters may provide misleading information about claims.\nBeing a credible threat can lead to better settlement offers.\nChapters\n00:00 Understanding Diminished Value Claims\n02:59 Navigating Insurance Adjusters and Appraisals\n05:41 Filing Claims Against Your Own Insurance\n08:34 The Challenges of Small Claims Court\n11:51 The Importance of Expert Appraisals\n14:47 Strategies for Negotiating with Insurance Companies\n17:38 Real-Life Case Studies and Lessons Learned\n20:36 The Role of Credible Threats in Settlements\n23:33 Conclusion and Resources for Claimants","thumbnail_url":"https://img.transistorcdn.com/BcREcazS0a_B6L11kl3XUaLuuml9wNDNrj0F6RAJ2_E/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ5MzI1LzE3MDY4/NTU2NjAtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}