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      05-28-2018, 09:59 AM   #23
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Quote:
Originally Posted by doug_999 View Post
I wasn't under the impression it worked this way - in fact, when it happened to my friend, his insurance (he was the middle guy) had to cover the guy he hit and then he (his insurance) had to go after the other guy - who did not have insurance.

Didn't matter to him - except he was out his deductible. Long story short, you hit someone, it is your fault, even if it wasn't your fault - you then go after the other guy. Then again, I suspect it varies by state.
It may vary from state to state - maybe that's the way it works in a "no-fault" state, but it's def not how it works in MD, which is NOT a no-fault state. That much I can say from first-hand experience.

Another factor that MAY matter in some states, not sure, but in my case I was stationary - I was not moving at all when I was rear-ended so there is zero chance of me being responsible for my car being pushed (from a standstill) into the car in front.
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      05-28-2018, 11:13 AM   #24
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Very sorry to hear about this. Based on my experience, I would try to use to BMW collision repair center. They do excellent work that is all up to factory repair specs. They also do an excellent job of making sure the little stuff is taken care of so when the repair is done the car will drive perfectly. I'm interested in learning more about your diminished value claim, so please keep us posted.
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      05-28-2018, 11:16 AM   #25
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Originally Posted by rich8566 View Post
... I'm interested in learning more about your diminished value claim, so please keep us posted.
Same here, please do keep us posted on your claim.

I have been burned on resale value impact several times in the past and would appreciate any insight in to process and realities.
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      05-28-2018, 04:14 PM   #26
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Thanks for all the sympathy guys!

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Originally Posted by randyt View Post
Same here, please do keep us posted on your claim.

I have been burned on resale value impact several times in the past and would appreciate any insight in to process and realities.
I'll definitely keep y'all updated! I hope it's not too rough of a fight...
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      05-28-2018, 06:19 PM   #27
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Sorry for your incident. That's a lot of stuff stripped off of the car!

My M2 basically goes from my garage at home to the parking garage at work (and even there, to one particular spot). Unfortunately I had a co-worker back into the front right fender after about 15 months.

I was really upset for a week or so, then calmed down a bit. The repair shop had to blend the new fender with the door and the hood. I am super-picky and can't tell anything different from factory new.

All told the repairs were ~$1500 - $2000. After the repairs were complete, I filed a separate diminished value claim for $2500 and received this as well.

Good luck!
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      05-28-2018, 07:03 PM   #28
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Years ago i had a 96- 993 TT that got hit real bad while parked 68k damage . I took the insurance money and sold the car to the body shop for 50K with a still clean title. the ins co wouldn't total it. Bottom line is i got whole, had 118 into it . Bought another car never looked back. Ive done it the other way, going through the repair and ive never been totally happy with the results . depends on your expectations and how picky you are.
One thing to remember is no matter if the color match is perfect any guy with a $100 paint gauge will know there's been body work done new paint is always thicker . even if its a panel that they just re-clear to blend. good luck carl

Last edited by carl44; 05-28-2018 at 07:14 PM..
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      05-28-2018, 07:34 PM   #29
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Quote:
Originally Posted by DanG View Post
Your body shop should give you the name of a diminished value specialist. They should write up a report on the value before the accident and after the collision repairs. You then submit the report to the F150s insurance company.
OP, this is so critical here. Listen to Dan G's advice, please! Whether you keep the car or sell it, you need to have a specialist appraise the damage and go to bat for you with the F150s insurance company to get a diminished value settlement.
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      05-29-2018, 10:49 PM   #30
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Originally Posted by DETRoadster View Post
OP, this is so critical here. Listen to Dan G's advice, please! Whether you keep the car or sell it, you need to have a specialist appraise the damage and go to bat for you with the F150s insurance company to get a diminished value settlement.
His insurance company has already consented to me submitting a diminished value claim for the car... Just wondering, does anyone know how diminished value is determined? Would this be by the dealer body shop, the dealer itself, or a third party?
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      05-29-2018, 11:04 PM   #31
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Originally Posted by samsamdar View Post
His insurance company has already consented to me submitting a diminished value claim for the car... Just wondering, does anyone know how diminished value is determined? Would this be by the dealer body shop, the dealer itself, or a third party?
As I stated before, you need to hire a diminished value appraiser. He is an independent third party that gives you the value of your car before the accident and the value of your car after the repairs. Your body shop or the dealer should be able to recommend an appraiser. You submit his report to his insurance company.
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      05-29-2018, 11:51 PM   #32
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Quote:
Originally Posted by DanG View Post
As I stated before, you need to hire a diminished value appraiser. He is an independent third party that gives you the value of your car before the accident and the value of your car after the repairs. Your body shop or the dealer should be able to recommend an appraiser. You submit his report to his insurance company.
Thanks Dan!
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      05-31-2018, 12:09 AM   #33
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Quote:
Originally Posted by samsamdar View Post
Quote:
Originally Posted by DETRoadster View Post
OP, this is so critical here. Listen to Dan G's advice, please! Whether you keep the car or sell it, you need to have a specialist appraise the damage and go to bat for you with the F150s insurance company to get a diminished value settlement.
His insurance company has already consented to me submitting a diminished value claim for the car... Just wondering, does anyone know how diminished value is determined? Would this be by the dealer body shop, the dealer itself, or a third party?
Before you go spending any money, since the insurance company has already acknowledged your Diminished value claim , you should simply ask them what their process is .. it can differ from one insurer to the next.

Typically an assessment is done after the repairs. From my iPhone review of your photos, it looks like this was a pretty minor impact and the bumpers did their job.

Diminished value claims vary but key components that drive loss in value are metal panels being repaired /replaced , frame damage, and of course, the overall dollar value of the repairs to the vehicle value can play a part.

Your next steps.

1-Have body shop repair car.
2- conntact insurer after the repair for a diminished value review
3- Settle with insurer -if you don't like their offer then now you may want to hire someone to review your vehicle.
4- Decide if you will keep it or trade it in.

Good luck !!

Personally based on what I am seeing you have a minor accident with minimal damage to the structural integrity of the vehicle. If there's any bent metal forgive me. The repairs should be able to be done well. I wouldn't anticipate a large settlement but a DV payment in your pocket towards mods or to pay down the car would be the way I would go. If you've got a burning for the M2 comp then your DV settlement might help defray some of the expense of making the Jump.

Good luck !
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      06-08-2018, 02:20 PM   #34
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      06-08-2018, 06:38 PM   #35
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Unfortunately I joined the club this morning...
Ugh. What happened?
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      06-17-2018, 11:16 PM   #36
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Hey guys! So I picked the car up the other day... Great job on the repairs and the car looks like new! Anyway, his insurance is basically refusing a DV payout - they claim that the car lost no value because it was restored to factory spec by BMW... Anyone know a good DV estimate shop in Dallas?
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      06-21-2018, 12:50 PM   #37
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Quote:
Originally Posted by samsamdar View Post
Hey guys! So I picked the car up the other day... Great job on the repairs and the car looks like new! Anyway, his insurance is basically refusing a DV payout - they claim that the car lost no value because it was restored to factory spec by BMW... Anyone know a good DV estimate shop in Dallas?
Well good to hear the repairs were done and you're satisfied. Sucks that they're trying to not pay for the dv. I was watching this thread cus I was curious myself what your dv would come out to. I think everyone can agree if a panel was replaced, it will lose value. Anything non-original will diminish the value of the car, even aftermarket performance parts. I don't think I can answer your question but I would consult with your insurance company on their procedures maybe? It sucks cus it sounded like they were willing to give you a dv and now all of a sudden they're not. Hope you get it sorted.
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      06-21-2018, 01:11 PM   #38
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Bottom line is that if this repair/incident shows up on Carproof, carfax, etc. you have a DV situation. Meaning, prospective buyers will see the incident and your car instantly becomes less valuable that a comparable car with a clean sheet. Whether or not the insurance co chooses to accept this doesn't change the fact. If the insurance company won't pay it out, you may want to try taking the F150 guy to small claims court and see what happens. Much easier to take on that fight than one with the Insurance co.
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      06-21-2018, 04:57 PM   #39
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Quote:
Originally Posted by samsamdar View Post
Hey guys! So I picked the car up the other day... Great job on the repairs and the car looks like new! Anyway, his insurance is basically refusing a DV payout - they claim that the car lost no value because it was restored to factory spec by BMW... Anyone know a good DV estimate shop in Dallas?
Def go get an estimate! Don't let them fuck you over!
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      06-21-2018, 10:16 PM   #40
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Def go get an estimate! Don't let them fuck you over!
You need a diminish value report. Your car definitely has a diminished value because you have a car fax strike. Being returned to factory specs only means it should drive properly. It doesn’t mean the value wasn’t effected.
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      06-22-2018, 01:34 PM   #41
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The rules vary state by state. Some states require DV be honored if requested, with formal processes, others have no obligation. My dad had success when his Cayenne GTS was hit by a DE resident. I had no success when I was hit by an underinsured PA resident. I had to lawyer up, the guy I hired lost and tried to come back to me for payment for his services. It was a tremendous headache.

Best of luck.
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      06-22-2018, 01:56 PM   #42
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Diminished value is a fight you will lose. I could be wrong, but it seems nobody is successful with this.

My 2c? First off I'd ask for a new exhaust since yours is...probably...damaged. Have the shop put MPE on. And then yep I'd get to modding!
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      06-22-2018, 06:38 PM   #43
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Diminished value is a fight you will lose. I could be wrong, but it seems nobody is successful with this.

My 2c? First off I'd ask for a new exhaust since yours is...probably...damaged. Have the shop put MPE on. And then yep I'd get to modding!
I have gotten a dismissed value settlement. If you have a DV appraisal you can’t lose.

The only time I have heard of people losing is when the accident is their fault which is not what happened in this case.
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      06-22-2018, 07:01 PM   #44
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Quote:
Originally Posted by stefan View Post
Diminished value is a fight you will lose. I could be wrong, but it seems nobody is successful with this.

My 2c? First off I'd ask for a new exhaust since yours is...probably...damaged. Have the shop put MPE on. And then yep I'd get to modding!
How could you possibly lose? There are records of cars that have been repaired going for less money when sold? What madness is this?
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