Detailed Answer
After an accident, your vehicle may lose resale value even after repairs. This “diminished value” refers to the gap between your car’s pre-accident market value and its value afterward. In Missouri, insurers must handle first-party claims in good faith under the Unfair Claims Settlement Practices Act (RSMo § 375.1005) and auto liability coverage under RSMo § 379.200. You can strengthen your diminished value claim by gathering clear, objective evidence that demonstrates the value drop.
Key Types of Evidence
- Pre-Accident Documentation: High-resolution photos or videos showing your car’s condition before the collision. Capture paint finish, wheel condition, interior trim and any aftermarket upgrades.
- Repair Records and Invoices: Detailed bills from certified repair shops outlining parts replaced, labor hours and completion dates. Keep factory and OEM vs. aftermarket parts noted.
- Independent Appraisal Report: A written appraisal from a licensed auto appraiser. The report should compare your vehicle’s value before and after repairs, listing comparable sales.
- Comparable Sales Data: Listings of similar vehicles (year, make, model, mileage, condition) sold in your area. Use trusted sources like NADA Guides or Kelley Blue Book to show market trends.
- Vehicle History Report: Reports from Carfax or AutoCheck documenting the accident history. A clean history adds weight to your pre-accident valuation.
- Expert Statements: Written or sworn statements from mechanics, body-shop managers or independent appraisers who can explain how the accident impacted structural integrity, safety features or resale appeal.
- Market Value Guides: Printouts or screenshots showing your vehicle’s fair market value prior to the accident. NADA, Kelley Blue Book and Edmunds estimates all serve as industry standards.
Helpful Hints
- Take clear photos of damage and overall vehicle condition immediately after the crash.
- Keep all repair shop estimates and final invoices in one file.
- Request a written diminished value appraisal as early as possible.
- Gather at least three comparable vehicle listings within 50 miles of your ZIP code.
- Get a full vehicle history report to show accident and title status.
- Ask your appraiser to include a detailed methodology for valuation.
- Communicate in writing with your insurer—email or certified mail creates a record.
Disclaimer: This article is for educational purposes only and does not constitute legal advice. To discuss your specific situation, consult a qualified attorney.