• "We Don't Get Paid Until You Do!"

  • Diminished Value Claims

    September 15, 2017
  • I’d like to explain what a diminished value claim is. Say you were in the market for a vehicle. There are two seemingly identical vehicles available to you. Same year, make, model and mileage for both; the only difference is one has been involved in an accident. The other vehicle has not. Would you pay the same amount for the two vehicles? If not, which one would you pay more for? It’s safe to say the vehicle you would probably pay more for is the vehicle lacking a history of prior accidents.
    The fact of the matter is a car accident may cause your vehicle to lose value. A diminished value claim is the action you take against the person who caused the accident or their insurer for the automatic loss in value from a collision.