Auto Insurance Secret #1: Diminished Value
As a result of the negligence of another driver, this Chevy Silverado had over $19k in repairs and suffered Diminished Value of $6,610. If you have been in an accident through the fault of another, in addition to their insurance paying for the repair to your vehicle, you can also claim Diminished Value. But as the auto insurance industry's #1 best kept secret, they won't tell you!
Questions about Diminished Value, or the auto insurance industry best kept secret #2: Appraisal Clause - call/text 786-853-0711
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When does the ubiquitous white cargo van need an appraisal?
An appraisal for that white cargo van may be needed in various situations such as determining its value for divorce, bankruptcy, probate, diminshed value, total loss, insurance purposes, before selling or buying it, for financing, or for taxation purposes.
Does 'accident' on my Porsche's Carfax affect its value?
If your Porsche has an accident listed on its Carfax, it has almost certainly incurred some Diminished Value, and is worth less than an identical model in similar condition and mileage.
Auto Insurance Secret #1: Diminished Value
As a result of the negligence of another driver, this Chevy Silverado had over $19k in repairs and suffered Diminished Value of $6,610. If you have been in an accident through the fault of another, in addition to their insurance paying for the repair to your vehicle, you can also claim Diminished Value. But as the auto insurance industry's #1 best kept secret, they won't tell you!