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Originally Posted by BigEvan1923
Thank you! How does that work on a lease. Haven’t researched it much so pardon my ignorance.
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Not sure on a lease or if you can even do it on a lease since you don’t own the vehicle. When I did mine I had to provide a copy of the title to the insurance company.
You start the process by notifying the at-fault insurance company that you want to file a diminished value claim. For me, they just requested a bunch of documents like title, repair bills, service history. Then they came up with a value to offer me. It was negotiable of course, so I countered and we eventually came to a number that worked for me.