We're Your Oregon Diminished Value Advocates

What is Diminished Value?
Diminished Value also known as Diminution of Value, Loss of Value or Loss in Value is the immediate loss of resale value a vehicle suffers in an accident. Even though a vehicle has been completely repaired and returned to pre-loss visual condition, it has lost resale value due to the stigmas associated with the loss. New car dealers will normally use a formula such as: 50% of average book value, minus reconditioning (tires, dent repair, etc.), minus incidentals (auction fees, transportation to the auction, etc.) minus some type of profit (they are a business and they will not dispose of your vehicle for free). 

Who is eligible?
In the state of Oregon, Diminished Value claims are normally paid by the at fault party’s (3rd party) insurance company, or may fall under your own uninsured motorist property damage policy, if the at fault party doesn’t have insurance or it is a hit and run. 1st party claims where you are at fault, or you hit an animal or a tree for examples are not eligible in Oregon. In Washington, you may be able to claim diminished value even if you were at fault. (please contact us for details).

How do I file a Diminished Value Claim in Oregon?
The first thing you need is Proof of loss. This is normally proven with a diminished value auto appraisal signed by an Oregon Certified Appraiser. You would also need to file a demand letter with the evidence of your loss. We produce vehicle diminished value appraisals for Car, Truck, RV, Diesel Pusher, Motorcycle, Semi Trucks, Heavy Equipment and even Bicycles. 

DON’T GET RIPPED OFF!
Don’t have your appraisal Disqualified due to an appraiser not being Certified to produce Auto Appraisals In Oregon, or an appraisal company that also has a conflict of interest by owning interest in another automotive business such as an Auto Body Shop, Auto Dealer, or Auto Parts Store. It is state law, ORS 819.482¹
, that the appraiser must be Oregon Certified. A person commits the offense of acting as a vehicle appraiser without a certificate if the person does not hold a vehicle appraiser certificate issued under ORS 819.480 (Vehicle appraiser certificate) and the person, for consideration, issues an opinion as to the value of a vehicle. If you have someone who does not hold an Oregon Vehicle Appraiser Certificate produce your diminished value appraisal, it can be denied by the insurance company. Warning: There are a huge amount of out of state appraisers (licensed and unlicensed) targeting Oregon from around the U.S. that are not certified to produce appraisals in Oregon. Most are not Certified or Licensed at all! We suggest requesting a copy of their appraiser’s Certification before requesting an appraisal from any appraisal company.  You can see a copy of our appraiser’s certification below.

What questions should I ask, before hiring an appraiser?
🗸 Does the appraiser follow USPAP (Uniform Standards of Professional Appraisal Practice) standards?
🗸 Is their appraiser a Certified Oregon Appraiser? Here’s our appraiser’s Certification.
🗸 Does their appraiser have experience as an Expert Witness for Diminished Value Cases?
🗸 Does the appraiser inspect the vehicle, or do they have someone else inspect it? (this could be their weak link and increase your chance of not settling quickly and without going to court).
🗸 Are they doing more than 30 appraisals per month? If so, they’re probably producing generic appraisals.
🗸 Do they work for the insurance companies?
🗸 Is the appraisal specific to Oregon laws, or is it a generic national appraisal?

What is Diminished Value?
Diminished Value also known as Diminution of Value, Loss of Value or Loss in Value is the immediate loss of resale value a vehicle suffers in an accident. Even though a vehicle has been completely repaired and returned to pre-loss visual condition, it has lost resale value due to the stigmas associated with the loss. New car dealers will normally use a formula such as: 50% of average book value, minus reconditioning (tires, dent repair, etc.), minus incidentals (auction fees, transportation to the auction, etc.) minus some type of profit (they are a business and they will not dispose of your vehicle for free).
Who is eligible?
In the state of Oregon, Diminished Value claims are normally paid by the at fault party’s (3rd party) insurance company, or may fall under your own uninsured motorist property damage policy, if the at fault party doesn’t have insurance or it is a hit and run. 1st party claims where you are at fault, or you hit an animal or a tree for examples are not eligible in Oregon. In Washington, you may be able to claim diminished value even if you were at fault. (please contact us for details).
How do I file a Diminished Value Claim in Oregon?
The first thing you need is Proof of loss. This is normally proven with a diminished value auto appraisal signed by an Oregon Certified Appraiser. You would also need to file a demand letter with the evidence of your loss. We produce vehicle diminished value appraisals for Car, Truck, RV, Diesel Pusher, Motorcycle, Semi Trucks, Heavy Equipment and even Bicycles.
Does it matter where I get an appraisal?
Yes! In Oregon, it is state law, ORS 819.482¹, that the appraiser must be Oregon Certified. A person commits the offense of acting as a vehicle appraiser without a certificate if the person does not hold a vehicle appraiser certificate issued under ORS 819.480 (Vehicle appraiser certificate) and the person, for consideration, issues an opinion as to the value of a vehicle. If you have someone who does not hold an Oregon Vehicle Appraiser Certificate produce your diminished value appraisal, it can be denied by the insurance company. Warning: There are a huge amount of appraisers targeting Oregon from around the U.S. that are not certified to produce appraisals in Oregon. We suggest requesting a copy of their appraiser’s Certification before requesting an appraisal from any appraisal company.  
What questions should I ask, before hiring an appraiser?
🗸 Does the appraiser follow USPAP (Uniform Standards of Professional Appraisal Practice) standards?
🗸 Is their appraiser a Certified Oregon Appraiser? Here’s our appraiser’s Certification.
🗸 Does their appraiser have experience as an Expert Witness for Diminished Value Cases?
🗸 Does the appraiser inspect the vehicle, or do they have someone else inspect it? (this could be their weak link and increase your chance of not settling quickly and without going to court).
🗸 Are they doing more than 30 appraisals per month? If so, they’re probably producing generic appraisals.
🗸 Do they work for the insurance companies?
🗸 Is the appraisal specific to Oregon laws, or is it a generic national appraisal?


Auto Appraiser certification license indepent appraisalsKen Nix Licensed Certified Auto Appraiser

 

 



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The insurance companies will lie and tell you your car doesn’t qualify for diminished value or try to pressure you to settle for pennies on the dollar. I felt confident I could settle the Diminished Value claim on my BMW by myself since I have several decades of experience on a daily basis dealing with diminished value on premium cars and trucks. After several attempts of trying to settle my claim on my own, I was referred to Ken at Diminished Value of Oregon. Ken took the time to produce an appraisal that had supporting evidence to prove my diminished value. Because of Ken, I was able recover a settlement on my BMW for more than I thought possible.” – Lance Sholes -Used Car Manager at the oldest Ferrari Dealership in North America.

We’ve Helped Our Clients Recover Over $700,000.00 This Year (2017)

Car Accident? You need a professional on your side. Whether your vehicle’s suffered Diminished Value, or it’s a Total Loss, we can help from start to finish. Don’t wait until after your vehicle has been repaired, call us now. We may be able to help you achieve better repairs or help prove your vehicle will not be safe if repaired. Free estimates and auto accident advice.

Why Choose Us?

🗸 We only work for consumers.
🗸 You speak and work directly with Ken Nix, not a staff member.
🗸 Each inspection is performed personally by Ken Nix, a Certified Auto Appraiser.
🗸 DV Appraisals specific to Oregon or Washington laws not a nationally generic report.
🗸 Each Appraisal is specific to the subject vehicle. Not a generic report like volume companies.
🗸 Oregon Licensed Auto Appraiser – License # V34-075.
🗸 Located in Portland, Oregon .
🗸 Certified By the State of Oregon to Appraise Vehicles.
🗸 USPAP Compliant Appraisals.
🗸 Fully Detailed Instructions.
🗸 One on One Expert Negotiation Assistance.
🗸 Demand letters referencing ORS. 20.080.
🗸 100% Money Back Guarantee*.
🗸 Expert Witness.
🗸 Multi-Point Repair Inspection with physical Inspections.
🗸 Each Appraisal is Unique to your car, not a high volume generic copy.
🗸 We limit new appraisal assignments to provide you with one on one service. (first come first served).
🗸 We’ve spent less than $500 in the last year on advertising.

You’re in an accident that was someone else’s fault. The insurance company has fixed your car, but as soon as it was hit, it lost value due to now having a damaged history. That’s not fair! DVOO helps you recover your loss of value with Affordable Appraisals to recover your loss of value.

When a previously wrecked and repaired vehicle is compared to a vehicle with no prior accidents, over 50% of buyers aren’t even interested. Many new car dealers are paying thousands less for trade-in on these type of vehicles as they’re harder to sell due to their negative Carfax history.

Diminished Value – The best kept secret in Oregon?

If you’ve been in an automobile accident in Oregon where the other party was at fault, you have suffered Diminished Value. It’s not fair when you’ve done nothing wrong, and someone else damages your vehicle in an accident. Even though their insurance company may fix your car, you’ve still lost money. No one wants a car or truck that’s had prior damage and they won’t pay as much for a damaged vehicle compared to an undamaged vehicle. That’s what Diminished Value is all about.

Recently, the secret is out. National TV and Radio shows are talking about it, you’re hearing commercials on the radio, so why the sudden interest since Oregon has had case law supporting diminished value since the 1940s? It’s because of a new Oregon law, ORS. 20.080, which states that if you provide evidence (Diminished Value Appraisal) and send a demand letter, that the insurance company has 30 days to provide you with a BEST OFFER. Many attorneys are now charging 45% just to send a demand letter, then an additional $500 to $1000 for an appraisal which is included in their “incidental clause”

Diminished Value of Oregon is a Local Portland, Oregon Auto Appraisal service specializing in Diminished Value and Total Loss Car Appraisals related to Washington State and Oregon Accidents & Totaled Car Value Insurance Claims. 

Find out how much diminished value your car has suffered by requesting a Free Estimate by clicking here or the Button Above.

Ken Nix

Ken Nix

Auto Appraiser

Ken Nix is an internationally known automotive expert with over 25+ years experience in vehicle sales and valuation. Ken is the founder of three automotive clubs with over 60,000 members. He has received formal training from Volkswagen, Volvo, Honda, Ford, Toyota, Dodge, Chrysler, Chevrolet, Mazda, Oldsmobile, Pontiac, Mercury, Lincoln, Kia and Infiniti for product knowledge and marketing of these franchise vehicles. Ken has been a licensed Oregon Auto Appraiser since April 19, 2010 and is in good standing with the Department of Transportation. Ken is a judicial expert, who by virtue of training, education, and experience hold’s sufficient knowledge of vehicle sales and valuation to valuate vehicles within his scope in all 50 states of the United States of America. Ken attended Kilgore College majoring in Pre-Law, and Texas State Technical College for Computer Science Technology. Ken resides in Beaverton, Oregon a suburb of Portland, Oregon.

Quick Oregon Diminished Value Facts:

  • Statutes of Limitations. You have up to 6 years to file your diminished value insurance claim in Oregon, although you should file as quickly as possible in order to have actual market comparables to support your claim.
  • Oregon has some of the best case law in the country to support Diminished Value, dating back as far as the 1940’s.
  • Due to ORS. 20.080, Oregon is one of the easiest states to claim and be paid diminished value.
  • If you have been a victim of hit and run, or the at fault driver was under insured, you may be able to file for diminished value through your own insurance company.

Just a few of the insurance companies we’ve helped clients recover diminished value claims from over the past 7 years:

Allstate, Geico, State Farm Insurance, Safeway Insurance, Progressive, The Hartford, Liberty Mutual, Nationwide Mutual Insurance Company, Erie Insurance Group, Farmers Insurance, USAA, Safeco, AAA American Automobile Association, Metlife, RLI Corp., New York Life Insurance Company, The Regence Group, American National Insurance Company, Chubb Corp., American Income Life Insurance Company, American Family Insurance, Aetna, Commerce Insurance, Arbella Insurance Group, HCC Insurance Holdings, Infinity Property & Casualty Corporation, John Hancock Insurance, Knights of Columbus, Bankers Life and Casualty Company, Western Mutual Insurance Group, Pemco, American Family Insurance, and many more.

Request a Free

Diminished Value Estimate

* indicates required field

Acceptable file types: doc,pdf,txt,gif,jpg,jpeg,png.
Maximum file size: 1mb.
If your estimate is too large, please email to: dvaahub@gmail.com or Fax to: 1-888-343-3317

CONSUMER ALERT: Be wary of appraisers who also work for the insurance companies. A large number of appraisers are being paid a substantial amount of money to develop extremely conservative appraisals for the insurance companies which reflect as little as 5% of your actual loss value. Most of these appraisers also provide consumer appraisals. Since they repeatedly work for the insurance companies, they may have a strong motivation to be biased in their appraisals for consumers. We’ve had many clients who were steered toward these type of appraisers by adjusters, insurance reps, insurance agents and even the body shop. Before hiring an appraiser, ask how many appraisals they have provided to an insurance company in the past 12 months. If it is over 10, you should be concerned. 

BEWARE INSTANT APPRAISALS: To provide an accurate appraisal, it takes time to contact auto body shops, speak to techs, obtain information from insurance companies, obtain comparable sales data, etc. It takes time to obtain proper documentation and evidence to ensure you have a solid appraisal to claim your diminished value in Oregon.