What is “Diminished Value”?
“Diminished Value” is simply the difference between what your car was worth before an accident, and what it is worth after the repairs have been made. Surveys show that most people do not want to buy a car that has been in an accident, so a car with an accident history will plummet in value by as much as 30%. Insurance companies are slowly but increasingly coming to the realization that they need to address that loss in addition to the base cost of repairs. You will most likely need an attorney who specializes in this type of claim, and a Diminished Value Appraisal by an unbiased expert – like Auto Analyst of course.
Hmmm... What do you think, Diminished Value?