FAQs
If you’ve never filed a diminished value claim, you probably have questions. Below you’ll find answers to the most common concerns about diminished value reports, insurance claim processes, and how our appraisals help you recover lost vehicle value after an accident.
What is a diminished value report?
A diminished value report calculates how much your vehicle has lost in market value after being involved in an accident, even after it's repaired. It's often used to support insurance claims or legal actions.
Do you use the 17c formula to calculate diminished value?
No, we do not use the 17c formula.
The 17c formula is widely criticized for producing artificially low diminished value figures that often do not reflect real market losses. Instead of a generic formula we use our proprietary Premier Market Comparison Method PMCM.
PMCM is built from actual market behavior. It incorporates real sales data comparable accident history vehicles and professional valuation standards to show the true financial impact a repaired collision has on your vehicle. PMCM gives you supportable diminished value evidence that stands up to review.
What vehicles qualify for diminished value?
Most vehicles that have been in an accident and received repairs may qualify, especially newer cars, luxury models, and vehicles with frame or structural damage.
Can I file a diminished value claim if my vehicle has a prior accident on record?
Vehicles with prior accidents are typically not eligible for a diminished value claim. Insurance companies often deny claims if the vehicle already had accident history before the most recent loss. It is the vehicle owner’s responsibility to verify whether their vehicle has any previous accidents, including those reported on Carfax, AutoCheck, or other vehicle history reports. If you’re unsure, we recommend reviewing these reports and contacting the Insurance Company before proceeding with a claim.
Why do I need a report?
Insurance companies rarely offer compensation for diminished value unless you request it and provide proof. Our reports give you the documentation you need to support your claim.
How much does it cost?
Premier offers clear flat fee service options. Diminished Value Report Only is $299, Full Diminished Value Service is $449, and Total Loss Appraisal Clause Service is $449. Each option includes professional valuation support using the Premier Market Comparison Method™.
Where is full service available?
Full diminished value and total loss appraisal clause representation is currently available in select states and continues to expand. This map reflects the most current availability, with charcoal states indicating where full service is offered.
In most states where full service is not available, we offer a report only option. This provides a detailed, market based diminished value report that you can use as part of your claim.
Availability is updated regularly as we expand into additional states.
How long does it take to receive the report?
Most reports are delivered within 1–2 business days after we receive all necessary information and documentation.
How does Premier help with my claim?
We provide a detailed PMCM report that supports your diminished value demand. If you choose the Report Only option, you will use the report to present your claim directly.
If you select Full Diminished Value Service, we will submit the report on your behalf and provide negotiation support throughout the process.
Do you contact the insurance company?
Only if you select Full Diminsihed Value Service. With your written authorization through a limited Power of Attorney, we can communicate directly with the at fault insurance company to submit your report and respond to related inquiries.
What if my insurance company doesn’t accept the report?
While we can’t guarantee acceptance, our reports are prepared by appraisers using industry-leading methods. If you need help interpreting the report, we’re happy to assist.
Is my information safe?
Yes. We take your privacy seriously and never sell or share your personal information.
How do I get started?
Just fill out our inquiry form with some basic details about your accident and vehicle. We’ll take it from there.
