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In Florida, magistrates insist that Auto Diminished Value reports are prepared by licensed appraisers (FL Adjusters license) and that said reports contain actual dealer quotes showing their opinions of the loss of value. St. Lucie Appraisal in Fort Pierce obtains six dealer quotes. Some national companies obtain none. Make sure your appraiser doesn't rely on formulas. To determine the correct diminished value percentage the appraiser has to put in the time to do it right.

In general, late-model cars that were repaired experience a 15-20% loss of value. Some exotics and SUVs are impacted considerably more.

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Q: What information or documentation is needed to file a third party claim for diminished value?
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