A friend of mine was successful in claiming diminished value when his museum quality TR-6 was rear ended. Farmers originally turned it down. He ended up getting a professional appraisal type evaluation on the car and then filed suit in small claims court against the person who hit his. Farmers had a duty to defend and ended up paying the diminished value and the cost of the effort.
I work in a different area of the insurance world. I am guessing that Farmers may have viewed the settlement as more of a nuisance offer than any admission that they owed it. Sometimes it's easier and far more economical to settle rather than defend.
I guess the lesson there is to be the squeeky wheel and see what they offer. Good luck!
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Steve in Allen, TX
1997 Boxster - Thy Toy
2011 BMW X-5 - Wife Hauler
2012 Tunda - Dad Hauler
Fat Tire - Favorite Beer
Last edited by 2TrunkSteve; 12-02-2010 at 02:25 PM.
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