Diminished Value: The Secret the Auto Insurance Industry Doesn’t Want You to Know

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VIN, Cowl Tag, Fender Tag, Door Tag and Engine number Deciphering VIN, Cowl Tag, Fender Tag, Door Tag and Engine number Deciphering

Your modern, classic or custom car serial number or VIN (Vehicle Identification Number) is more than an arbitrary number assigned to your car to make it unique. This serial number or VIN is packed with encoded information about your car’s drivetrain, body style and manufacturing information.

Diminished Value: The Secret the Auto Insurance Industry Doesn’t Want You to Know Diminished Value: The Secret the Auto Insurance Industry Doesn’t Want You to Know

We’re all familiar with Depreciation, right? It’s the gradual loss of value over a given time. So what’s Diminished Value? Let’s look at this scenario. Imagine that you are stationary at a stop light or sign and suddenly a negligent driver rear-ends your vehicle. Your vehicle has just suffered Diminished Value (also known as inherent diminished value or diminution of value).

Agreed Value vs. Stated Value Auto Insurance  Agreed Value vs. Stated Value Auto Insurance

Let’s look at the two different types of auto insurance: Stated Value and Agreed Value. “Stated Value” is the insurance most of us have on our daily drivers which are depreciating

How to Determine the Age of your Tires How to Determine the Age of your Tires

Have you ever asked yourself, “How old are my tires?” If not, you should! Determining your tire age is very important to you and your family’s safety. If you’re driving with a tire over six years old, you could be putting yourself in danger, as tires dry rot with age from the inside out.

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Diminished Value: The Secret the Auto Insurance Industry Doesn’t Want You to Know