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(828) 471-0581

(828) 471-0581

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Frequently Asked Questions

How do I file a diminished value claim?

To initiate a diminished value claim, since every insurance company has a different process to initiate a DVE claim, it is best to tell the at-fault insurance company that you are seeking diminished value on your vehicle.

How is diminished value calculated?

Several factors are used in calculating the loss of value of a vehicle after an accident, including the severity of the damage, the age and condition of the vehicle, and whether the vehicle has had prior accidents.

What does diminished value mean?

Diminished value refers to the loss in a vehicle’s market value after it has been damaged and repaired following an accident or other event, even if the repairs are done properly.

What is a diminished value claim?

A diminished value claim is a type of insurance claim that seeks compensation for the loss in a vehicle’s market value after it has been damaged and repaired following an accident.

How can diminished value be proven?

A licensed appraiser uses their experience to follow a structured approach backed by expert documentation.

How do I pursue a diminished value claim?

To pursue a diminished value claim, since every insurance company has a different process for a DVE claim, it is best to tell the at-fault insurance company that you are pursuing a diminished value claim on your vehicle.

Contact Us

828.545.6952

help@galexappraisalservices.com

About Us

Galex Appraisals offers trusted mechanical, collision, and value assessments for vehicles and equipment across the Southeast. Backed by 25+ years of experience, we deliver fast, professional reports you can count on.

Veteran Owned and Operated Certified

N.C. General Statute 20-279.21(d1) / Appraisal & Diminished Value

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