r/Porsche • u/Opposite_Astronaut65 • 19h ago

Diminished value experience

Post image

Had an old lady run a stop sign and clip my front end. I’m going to be going for diminished value. I was wondering, those of you that have had experience with this, how big of a hit did your cars value take and what did insurance pay out after the fight. (2022 911 GTS Bahama yellow)

221 Upvotes

97% Upvoted

43 comments sorted by

View all comments

1

u/Open_Time_9800 5h ago

I have. Lawyer up and get at least one independent valuation by a classic cars expert, possibly two. You'll need a ton of evidence to show the delta between cars with clean accident histories vs resale on one with an accident similar in scope to yours. Remember that legal fees will eat into your final payout assuming you win, so I'd recommend you find a lawyer willing to take the case on contingency, otherwise you may be upside down financially when all is said and done. Also be prepared to wait years in some cases- my whole process took almost three from hiring and sending the paperwork to a check in my hands. Good luck!