Diminished Value Claims
What is diminished value and how do I know when I am entitled to it?
Diminished value is the difference between what your auto was worth before the accident and after the repair.
Diminution of value happens when a vehicle is wrecked or damaged in an accident. The vehicle is then repaired or restored back to road worthy condition. The insurance company agrees to pay the auto claim for the repairs. You have your vehicle back, but it’s just not the same.
Even after the vehicle has been repaired to it’s optimal value, the market value of the vehicle may still be reduced. Diminished Value refers to the reduced value of a vehicle simply because it has a significant damage history. When you need to know the true value of your vehicle, an auto appraisal by a professional at US Auto Appraisers can help to make sure that you receive the best value for your unique vehicle.
We can help to establish the true market value of a vehicle that may be required from a bank or insurance company.
Loss appraisal can help recover the value of the vehicle’s service