Diminshed Value Claims
Ok folks, our first time here, so will try our best. We recently suffered some damage to our coach, from an 18 wheeler reversing into us, whilst stopped to fuel up!!! So, we had repairs completed...
Forum Discussion
Dale.Traveling wrote:
That's what I've been thinking. Reading thru the posts I don't recall anyone posting regarding pulling an RV history report that showed anything more that DMV activity. At least that is all that was shown for my coach. No service records, no dealer inspections, no warrant work, no Ford recall work, nothing. The report was from 2011. Has anything changed since?
Carfax (and some others) now get direct reports from insurance companies, police and motor vehicles. That's why you'll see cars that show accidents that were reported through the state motor vehicles dept. Some states require a report to motor vehicles on all damages above a certain amount or under certain driver conditions. Police have always provided the reports but it was time consuming for the services to get everything. Now it's all automated so the can get it as it's finalized.
RV's are another beast as there isn't enough data to support many DV claims. But as insurance companies and valuation companies issue reports where they dinged a person for a prior fixed accident, the lawyers gather those and build profiles and algorithms to make their case.
If you had a vehicle history report from years ago and buy another one today, it is possible previously unreported information may show up. Just like the federal NMVTIS has added new reported items on vehicle titles.
