What is diminished value?

Diminished value is the reduction in your vehicle's market value after an accident, even after proper repairs. This loss occurs because accident history negatively impacts a vehicle's resale value.

Can I file a diminished value claim?

You can typically file a claim if:

• • The accident wasn't your fault
• • Your vehicle has been properly repaired
• • You can prove value loss
• • You're within your state's time limits

How is diminished value calculated?

Diminished value is calculated by comparing your vehicle's pre-accident value to its post-repair value, considering factors like:

• • Vehicle age and condition
• • Accident severity
• • Repair quality
• • Market conditions

What documentation do I need?

• • Accident report
• • Repair records
• • Pre-accident value proof
• • Post-repair appraisal
• • Photos and evidence

How long does the process take?

The timeline varies depending on factors like:

• • Claim complexity
• • Documentation availability
• • Insurance company response
• • Negotiation process

What if my claim is denied?

You have several options if your claim is denied:

• • Appeal the decision
• • Provide additional evidence
• • Seek expert help
• • Consider legal action

How do insurance companies handle claims?

Learn about common insurance company tactics and how to handle them effectively.

What are my legal rights?

Understand your legal rights and options when dealing with insurance companies.