Diminished Value on a 2007 BMW 335i?

Question

A flatbed didn't secure his load and I ran into something that fell off and hit my 50K BMW. Repairs are thus far slightly over 6K. I'm collecting through their insurance. I have not brought up diminished value, but I will soon, what are my options in north carolina? Should I get an independent appraiser and if so, who is going to pay for it?

Answer 1

The other response from an adjuster is pretty much spot-on. Let it be said that the various states' courts are seeing these type of cases more frequently. As case law evolves, some judges are giving credence to the concept of "diminished value" based on the totality of the type of vehicle, documentation submitted, etc. As far as an appraisal is concerned, I think you will have to step up to the plate initially on that.  

Answer 2

If memory serves (and its been a long time- so check the the DMV): in North Carolina you only have to disclose damage to a vehicle when the damage equals or exceeds 25% of the car's value.  At 6K on a 50K car you are far from that.

Odds are the company may not pay you any diminished value. Or they may throw a couple hundred at you just to make you go away. Not going to be much.

It also depends on what was damaged, the quality of repairs.

If they do pay you something for diminished value -- it won't be much.

**not legal advice -- just my opinion based on the very limited information provided**