Diminished Value Claim Progressive

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1. I’m sorry to hear about your accident, but it’s good to know that the other driver was found at fault. Here are the steps you can take to file a diminished value claim with Progressive:

   1. Understand Diminished Value: Diminished value is the loss in a vehicle’s market value after it has been repaired following an accident, even if the repairs restore the vehicle to pre-accident condition.

   2. Gather Documentation:

   3. Repair Estimates/Invoices: Collect any repair estimates or invoices that indicate the work done on your vehicle.
   4. Pre-Accident Value: Research the market value of your E63s before the accident. You can use resources like Kelley Blue Book or Edmunds to determine this.

   5. Post-Repair Value: Obtain an appraisal or a valuation of your vehicle after the repairs have been made. This can often be done through a professional appraiser or dealership.

   6. Contact Progressive: Reach out to Progressive’s claims department. You can find the contact number on their website or on your insurance documentation. Ask to speak to someone who specializes in diminished value claims.

   7. Submit Your Claim: Prepare a written diminished value claim that includes:

   8. Details of the accident (including the other driver’s information and any pertinent claims information).
   9. A summary of the repairs made.
   10. Documentation of the pre-accident and post-repair values.

   11. Any other supporting documents, including the appraisal if you obtained one.

   12. Follow Up: After submitting your claim, keep in touch with Progressive to check on the status. Be prepared to provide additional information if they request it.

   13. Negotiate: If Progressive provides an offer, carefully evaluate it based on your research. You may need to negotiate to get a fair settlement.

   14. Consider Legal Advice: If you face difficulties during the process or feel that your claim is not being handled fairly, you may want to consult with an attorney who specializes in diminished value claims.

   I hope this helps, and I wish you the best of luck in filing your claim!

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