Diminished Value Claim with Progressive
Hi everyone, I own a 2019 E63s that was recently rear-ended. I filed a claim, and the other party was deemed at fault. I’m looking for guidance on how to file a diminished value claim with Progressive. What steps should I take? Thanks!
I’m sorry to hear about your accident! Filing a diminished value claim can help you recover some of the lost value of your vehicle after an accident. Here are the steps you can follow to file a diminished value claim with Progressive:
Any other documentation that supports your claim.
Determine the Diminished Value: You may want to calculate the diminished value of your vehicle. This can be done through:
Using online calculators that factor in the pre-accident value, the severity of damage, and the repairs made.
Contact Progressive: Reach out to Progressive to inform them that you wish to file a diminished value claim. You may want to do this via the customer service hotline or through your claims adjuster.
Submit Your Claim: Provide Progressive with all the collected documentation and your calculations for the diminished value. Be sure to include any supporting evidence that bolsters your claim.
Follow Up: After submitting your claim, follow up with Progressive to ensure they have everything they need and to check on the status of your claim.
Negotiate if Necessary: Depending on their initial assessment, you may need to negotiate the amount they offer. Having supporting documentation will help strengthen your case.
Keep Records: Make sure to keep copies of all correspondence and documents related to your diminished value claim.
If you’re not comfortable navigating this process on your own, you might also consider consulting with a legal professional or an experienced claims adjuster to help guide you. Good luck with your claim!