Geico Sucks! - 2000 Pontiac Firebird accident - didn't pay for diminished value due to vehicle

# 28 for February 2, 2002

Complaints.com received the following e-message on February 1, 2002:

From: Email User

Geico Sucks! - 2000 Pontiac Firebird accident - didn't pay for diminished value due to vehicle

My 2000 Pontiac Firebird was involved in an accident that was determined to be not my fault. Thanks to Geico's insured my vehicle had $2800+ of damages. After getting my vehicle repaired to the best of the body shops ability I had a diminished value report performed on my vehicle. Their report indicated I had $2501.00 of lost value on my vehicle.

Being that the wreck was not my fault, the age of the car and that due to Geico's insured causing the wreck I filed a claim with Gieco. After speaking to Kelly Bicknell (972-740-1958) and speaking to his boss Greg Shook (972-701-1666) about my claim they indicated that my vehicle was repaired to pre-loss conidtion and that my vehicle did not suffer diminished value. Hello!!!

Didn't you see the report that faxed and mailed to you. When asked about my report they indicated it was just an appraiser's opinion subject to interpretation. Essitentially after waiting two weeks they indicated they would not pay what I am entitled to and hung up on me.

For more information see the Texas Department of Insurance website if you are unfamilar with diminished value. For this reason and many others Geico definately sucks and blows at the same time. I have made the decision to also create a website to allow others to post their problems with Geico.

Perhaps eventually get a class-action lawsuit. Unfortunately they already bought www.geicosucks.com but that won't stop me! Jim

Comment On This

See Diminished Value Claims Law per State at:

http://www.houstonautoadjusters.com/diminished_value_claims.html

Comment On This

Diminished value, in the State of Florida, is covered under Bulletin 84-270 via Florida Dept of Insurance. The insurance companies are expected to properly indemnify owners for value of the vehicle as it was before the damage. Feel free to look it up!

Comment On This

Well, think again.... I'll comment on what you have said. First I think that you have a job that maybe is with Geico...I'm I right or are you just hearing BLAH BLAH BLAH. I was hit by a Geico driver yesterday and I am pretty sure that there is frame damage to my car. I am not an expert but I will see how the estimate goes. If my car title is blemished because the car was in an accident how could you say that it has not lost value? CarFax was created to help consumers see if purchase is sound or not.... Do you think that my 2006 Jeep is still worth 23,0000? As a consumer I would approach this purchase with a deep discounted price in mind. Therefore, I see DV as a VERY real thing!

Comment On This

Dude. Geico does suck!

If you are in Maryland go to www.QuickLowQuotes.com

They got me out of GEICO and saved me $120.00 a month on my car insurance.

Comment On This

if you knew what you are talking about... you would know that an insurance company does not OWE you diminished value... in fact, the value should not be diminished if repaired to pre loss conditions.... people are just dense and don't want to pay as much for a car that has "been in an accident". but to you i suppose that all you just heard was blah blah blah blah, because theres nothing in it for you? thought so...