Disclaimer: This article is for educational purposes only and does not constitute legal advice.
Detailed Answer
After a collision, your vehicle may lose market value even when repairs restore its appearance and function. Proving that loss—known as diminished value—requires clear, well-supported evidence. Under Wyoming law, insurers must handle claims in good faith and avoid unfair settlement practices (Wyo. Stat. §26-14-104).
1. Pre-Accident Valuation
Document your car’s value before the crash. Use resources like Kelley Blue Book, NADA Guides or dealer quotes dated just before the accident. Print or save those reports with the valuation date.
2. Post-Accident Appraisal
Hire an independent, certified appraiser experienced in diminished value assessments. A formal appraisal report will typically include market data, condition analysis and a detailed calculation of the value loss.
3. Repair Records and Invoices
Collect every repair invoice, parts list and labor receipt. These documents show exactly what damage occurred and the scope of repairs—critical for tying physical damage to a reduced market price.
4. Photographs and Videos
Take high-resolution photos of the damage before and after repairs. Capture all damaged panels, frame or structural issues and finished repairs. Date-stamped metadata strengthens authenticity.
5. Comparable Sales Data
Research recent sales of vehicles with the same make, model, year, mileage and equipment in comparable condition. Highlight differences in sale prices between similar undamaged cars and yours post-repair.
6. Vehicle History Reports
Obtain a Carfax or AutoCheck report showing that your vehicle has an accident history. Many buyers pay less for cars with a reported accident, which supports your diminished value figure.
7. Expert Testimony
Consider a qualified witness—such as an auto-body expert or appraiser—to testify on how accident history depresses resale value. In some cases, a sworn affidavit or deposition can bolster your claim.
8. Current Market Listings
Gather dealer and private sale listings for similarly equipped vehicles. Note asking prices and vehicle conditions to show market trends and support your demand.
Helpful Hints
- Organize documents in chronological order to create a clear accident-to-claim timeline.
- Keep digital and paper copies of every communication with insurers and repair shops.
- Send your diminished value demand via certified mail to establish a record of delivery.
- Track your vehicle’s mileage and maintenance history to exclude unrelated wear or damage.
- Get multiple appraisals, if possible, to compare professional opinions and strengthen bargaining power.