Formal Complaint on Diminished Value Assessment to State Insurance Department

Letter of Appeal to State Insurance Department Over Diminished Value Disagreement

 

If you often find yourself disagreeing with your insurance company's diminished value calculation, here is a sample letter to the state requesting their assistance in resolving the issue.

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]

State Department of Financial Services
Division of Consumer Services
Dear Sir/Madam,

Subject: Dispute Regarding Diminished Value Calculation

I am writing to formally lodge a complaint regarding the diminished value calculation provided by my auto insurance company, [Insurance Company Name], following a recent accident involving my vehicle, [Vehicle Make, Model, Year, VIN].

After the incident, my insurance company assessed the diminished value of my vehicle and provided a settlement amount which I believe is significantly lower than the actual diminished value. To substantiate my claim, I sought an independent appraisal from [Third-Party Appraisal Company], a reputable valuation service. Their report, which I have enclosed, indicates a much higher diminished value than what was offered by my insurance provider.

Details of the claim are as follows:

• Claim Number: [Claim Number]
• Date of Accident: [Date of Accident]
• Policy Number: [Policy Number]

The independent appraisal conducted by [Third-Party Appraisal Company] clearly outlines the methodology and market data used to determine the accurate diminished value. I have attached their detailed report for your reference.

I respectfully request that the Florida Department of Financial Services review this matter and assist in resolving the discrepancy between the insurance company’s assessment and the independent valuation. I believe that a fair resolution should reflect the true diminished value of my vehicle as substantiated by the third-party appraisal.

Thank you for your attention to this matter. I look forward to your assistance in ensuring a just and equitable resolution.

Sincerely,

[Your Name]
[Attachments: Third-Party Appraisal Report, Insurance Company's Diminished Value Calculation, Accident Report, Photos of Damage]