Your Car Lost Value. Get Paid What You Deserve.
Even after a perfect repair, your vehicle's fair market value drops significantly. That loss is real, measurable, and our independent certified auto appraisers will help you secure the maximum diminished value settlement from the at-fault party's insurance.
What is Diminished Value?
Diminished value (DV) is the difference between what your vehicle was worth before the accident and what it is worth after being fully repaired. Think of it this way: would you pay the same price for a car that was in an accident versus one that was not? Neither would anyone else.
Carfax, AutoCheck, and other vehicle history reports will always show the accident, no matter how well the repairs were done. This permanently reduces your vehicle's resale and trade-in value.
In most states, you are legally entitled to recover this loss from the at-fault driver's insurance company. The challenge is proving how much value was lost -- and that is where we come in.
Types of Diminished Value
Understanding the different types of diminished value claims can help you determine which applies to your situation.
Immediate Diminished Value
The difference in market value before being involved in an accident and immediately after the loss (before repairs). For example, a vehicle was worth $25,000 before the accident. Now, the car it's worth only $7,000 in its damaged state, as it has not been repaired yet. $25,000 - $7,000 = $18,000 Immediate diminished value Most people will end up repairing their vehicle after an accident. Therefore, immediate diminished value is not a common claim that is made.
Real-World Example
Before Accident
$25,000
After Repairs
$20,000
A 2019 Honda Civic worth $25,000 before an accident is repaired for $4,000. The repairs are excellent and the car runs perfectly. However, the vehicle's market value after repairs is now only $20,000 due to the accident history. This $5,000 difference is the diminished value you can recover from the at-fault party's insurance.
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