$150,000 recovered
2015 Lamborghini Aventador LP 700-4
$100,000 recovered
2020 Porsche 911 C2S
$77,490 recovered
2023 Porsche 911 GTS Carrera
$70,000 recovered
2024 BMW X6
$58,000 recovered
2023 Aston Martin DBX 707
$50,000 recovered
Proven Results: Hear From Our Clients
Real stories from luxury car owners who recovered their lost value with our help.
“I had no idea I could recover diminished value until I found Supercar Claims. They handled everything professionally and recovered over $28,000 for my GT3. The process was seamless and their expertise was evident from day one.”
Michael Thompson
“After my McLaren was hit, I thought insurance covering repairs was enough. Supercar Claims opened my eyes to the lost value and recovered $45K I never knew I was entitled to. Outstanding service and results.”
Sarah Chen
“The team’s knowledge of exotic cars is unmatched. They understood exactly how the accident would affect my Ferrari’s value and fought to get every dollar I deserved. Couldn’t be happier with the outcome.”
James Rodriguez
Should You File for Diminished Value in Texas?
Diminished value claims are good for newer, luxury, or well-maintained vehicles. They are not ideal for very old or high-mileage cars, unless the car has collectible value.
Texas requires all drivers to carry minimum property damage coverage. If your policy includes Uninsured/Underinsured Motorist (UM/UIM) Property Damage coverage and your losses exceed the at-fault driver’s coverage amount, you may be able to request diminished value through that coverage. UM/UIM coverage could also help you recoup losses if the at-fault driver did not have insurance or your car was damaged in a hit-and-run.
How to File a Diminished Value Claim in Texas
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Step 1: Upload Repair Documents and Photos
Provide the insurance company with as much information as possible regarding your vehicle’s repair process and timeline, including estimates, bills, and photos. This information helps insurers assess the severity of structural damage to your vehicle. Insurance companies typically apply what’s known as the “17c formula” to calculate your claim, but this formula almost always undervalues exotic and luxury vehicles.
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Step 2: Get an Independent Appraisal
While it may be industry standard, the 17c formula often undervalues depreciation for exotic and luxury vehicles. An independent appraisal from a licensed, qualified diminished value expert can be used to counter the insurer’s estimate and ensure you get fair compensation.
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Step 3: File a Demand with the At-Fault Insurer
Once repairs are completed, file your diminished value claim as soon as possible. In Texas, this claim is filed with the at-fault party’s insurance company. If the at-fault driver is uninsured or underinsured and your policy includes UM/UIM Property Damage coverage, you may also file through your own insurer. Either way, your claim must include all relevant documentation and a formal demand for compensation.
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Step 4: Negotiate or Settle
Based on the information provided, the insurance company will provide you with a settlement offer. You can choose to accept right away, or, if you believe it’s too low, seek to negotiate with the claims adjuster.
Benefits of a Professional Appraisal for Your Texas Diminished Value Claim
The standard “17c formula” for diminished value claims almost always falls short for luxury, rare, and collectible vehicles, since it fails to account for things like brand exclusivity, higher lease rates, and specialized parts and materials.
With a professional appraisal, however, you get higher recovery potential and cleaner and faster negotiations. You also get the advantages of local expertise. If you’re filing a diminished value claim in Houston, Texas, for example, your appraiser will assess loss not just in the general market but the local one to make sure all depreciating factors are accounted for.
How to Claim Diminished Value in Texas: Do You Need a Professional Appraisal?
In Texas, most insurers follow internal guidelines to calculate diminished value, often relying on formulas that systematically undervalue luxury and exotic vehicles. The Texas Department of Insurance (TDI) has acknowledged that insurers may be obligated to pay diminished value, but that doesn’t mean they’ll offer a fair amount voluntarily. The job of a professional appraiser is to counter these lowball calculations and maximize the settlement on your behalf. Having a professional appraisal done could make all the difference then, and is highly recommended for luxury car diminished value claims.
Will my insurer pay for a professional appraisal?
No, you will have to pay out of pocket for a professional appraisal. If you’re worried about the upfront cost, choose a firm that works on a contingency fee basis, since you’ll only pay when you collect.
Is a professional appraisal worth it for my car?
It depends. If your damaged vehicle is rare, exotic, luxury, or collectible, it is almost always worth it to bring in a professional appraiser for your diminished value claim.
Do I have time for a professional appraisal?
You have two (2) years from the accident date to file a claim for diminished value in Texas. And since a professional appraisal can typically be completed well within that window, you’ll have plenty of time if you start the process early enough.
A fair and independent appraisal is your ticket to maximum diminished value payouts across Texas. Get in touch to connect with our team for diminished value inspections and escalation.
