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Opinions please: Diminished value

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Old 04-19-2023, 06:07 PM
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patentguy
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Originally Posted by adrianp89
Curious if you can find the repair details. 10k is not a lot of money for a repair, as other have said. Two light dents with deep scratches on my trucks rear bumper is a 2k repair.
New bumper alone is $2.5 K. Broken tail lights, etc, another $2.5K.
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Old 04-19-2023, 09:11 PM
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I was tapped at about 5 MPH in a carpool lane. It left a gauge in the bumper cover and also scraped the lower valance. Since it was the other persons insurance, I had the bumper cover and valance replaced. Cost = $10k. I’m in Manhattan, so take that into account.
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Old 04-19-2023, 09:14 PM
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Originally Posted by mwein
I was tapped at about 5 MPH in a carpool lane. It left a gauge in the bumper cover and also scraped the lower valance. Since it was the other persons insurance, I had the bumper cover and valance replaced. Cost = $10k. I’m in Manhattan, so take that into account.
New York State has case law on the books that some insurers use to deny DV claims. Other insurers pay them, despite the antiquated and unfair precedent.
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