Indiana - SnapClaim

Diminished Value Appraisal in
Indiana

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Recover What Insurance Owes You After an Accident

SnapClaim makes it easy to recover your car’s lost value after an accident. We provide a free estimate, a fully certified appraisal report, and a ready-to-send demand letter — all within minutes. No guesswork, no waiting.

“I had no idea my car had lost that much value after the crash. SnapClaim gave me everything I needed to file the diminished value claim — I got the report in less than an hour.”

Mark

Vehicle Owner, Colorado

Filing A Diminished Value Claim In Indiana

If your vehicle was damaged in an accident in the state of Indiana and underwent repairs, its resale value is likely to be less than what it was before the crash. This loss in market value is known as diminished value, and it is recoverable in Indiana through a diminished value claim filed with the at-fault party’s insurance company. If the other driver was uninsured, you can also file a diminished value claim with your own insurance company.

Indiana diminished value law

Indiana recognizes diminished value claims through both statutory provisions and court rulings. If another driver is at fault in an accident, you may be legally entitled to compensation for the loss in value of your vehicle. Additionally, if the at-fault driver is uninsured or underinsured, your own insurance policy may provide coverage under certain circumstances.

Wiese-GMC, Inc. v. Wells, 626 N.E.2d 595 (Ind. Ct. App. 1993)
Indiana Court of Appeals
Filed: 1993
Precedential status: Precedential
Citation: 626 N.E.2d 595

This case clarified that the proper measure of damages for personal property that is damaged but not destroyed is the reduction in fair market value caused by the tortfeasor’s negligence. This loss may be established by: (1) comparing fair market values before and after the incident, (2) cost of repair when it restores the original value, or (3) a combination of both methods when repairs do not fully restore the item’s value.

Indiana Code Title 27, Insurance § 27-7-5-2
This statute supports recovery for diminished value under uninsured or underinsured motorist property damage (UMPD) coverage. If you are legally entitled to recover damages from an uninsured motorist, your policy may cover diminished value when damage results to your vehicle and no other insurance is available for the at-fault driver.

Michael v. Wolfe, 737 N.E.2d 820 (Ind. Ct. App. 2000)
Filed: 2000
Precedential status: Precedential
Citation: 737 N.E.2d 820

This case reinforced the requirement that the insured must prove the tortfeasor has no insurance in order to access UMPD benefits.

Dunn v. Meridian Mut. Ins. Co., 836 N.E.2d 249 (Ind. 2005)
Indiana Supreme Court
Filed: 2005
Precedential status: Precedential
Citation: 836 N.E.2d 249

The court ruled that diminished value is a covered loss under your uninsured motorist (UIM) policy when the at-fault driver is uninsured.

How to file a diminished value claim in Indiana

Step 1. Get a free estimate. Start by checking if your vehicle qualifies for a diminished value claim. SnapClaim provides a fast, no-cost estimate to help you understand your potential recovery.

Step 2. Order your certified appraisal report. If eligible, SnapClaim will generate a professional, independent diminished value appraisal—often in minutes. This report is formatted for insurance use and backed by industry data.

Step 3. Submit your claim. Along with your appraisal, SnapClaim provides a pre-filled demand letter to send to the at-fault driver’s insurance company. This makes it easy to start the claims process without a lawyer.

Step 4. Settle your claim. Most insurers will respond with a settlement offer. You can choose to accept, negotiate, or escalate the claim. If needed, SnapClaim can help you provide documentation to support further action.

SnapClaim is designed to help you recover fair compensation with less stress, faster turnaround, and no upfront legal fees.

Money-back guarantee: If your final insurance recovery is under $1,000, SnapClaim will refund 100% of your appraisal fee. We only succeed when you do.

Indiana diminished value law

Statute of Limitations: 2 years

Third Party Diminished Value Claim: Yes

First Party Diminished Value Claim: No

Most insurance policies will exclude diminished value.

Indiana Property Damage Minimum Limits: $25,000 in coverage

Uninsured Motorist Coverage for Diminished Value: Yes, insurers are required to offer UMPD, but it can be rejected in writing if you don’t want that coverage. $25,000 in uninsured motorist property damage per accident. No coverage for hit and run.

Underinsured Motorist Coverage for Diminished Value: Yes, $25,000 in underinsured motorist property damage, but it can be rejected in writing. This coverage comes in handy when the at-fault insurance company doesn’t have enough property damage coverage.

Indiana Small Claims Court Limit: $10,000

attorney representation and appeals are permitted

Testomonials

See what ourclientsare sharing about us!

“I didn’t know about diminished value until I found SnapClaim. Their report was done in minutes, and the support team explained everything clearly. I used the letter they provided and ended up with an extra $3,200. Super easy.”

Sarah D.

“SnapClaim helped me file a diminished value claim after repairs. The process was smooth, fast, and I received more money than expected. Their team handled everything so I could focus on getting my car and life back to normal.”

Emily R.

“I uploaded my repair estimate and got a professional report the same day. SnapClaim made everything so simple. Their platform saved me hours of back-and-forth with insurance and got me a solid payout”

Jason T.

“After my car was totaled, SnapClaim gave me a fair market value report that clearly beat the insurance offer. I submitted it with my claim and they increased the payout. The process was fast, fair, and worth every penny."

Omar L.

“SnapClaim made a huge difference for me. I had no clue how to value my vehicle post-accident. Their diminished value report was detailed, with comps and expert review. I sent it in and got a great settlement in less than a week. Truly amazing.”

Pria S.

“SnapClaim is a game-changer. I used their fair market value report after a total loss, and it helped me negotiate a much better offer. The design, speed, and clarity of the report made a real difference with my adjuster..”

Aisha N.

Frequently asked questions:

What is a Diminished Value (DV) claim?

Diminished Value is the loss in market value a vehicle suffers after an accident, even after repairs. If your car has been in an accident caused by someone else, you may be entitled to compensation for this loss.
What is a Fair Market Value (FMV) report?

A Fair Market Value report estimates your vehicle’s current value based on verified market data. It’s commonly used for insurance negotiations, resale, legal cases, and total loss disputes.
What do I need to get started?

You’ll need your VIN number, mileage, repair document (if applicable), and your contact information. We’ll guide you step by step through the process.
What is your refund policy?

If you recover less than $1000 from your claim using our report, we offer a full refund of the report cost—no questions asked. Terms and conditions apply.