How a diminished value claim is assessed
September 28th, 2008 by admin
By filing a diminished value claim, you can regain some of the lost value of your car. After a serious accident, you car will never be returned to its original quality, regardless to how well it is repaired. The best you will be able to do is file a diminished value claim. A diminished value is the different between the value of your car before the accident and the current value after the accident. Therefore, if you choose to sell your car at a later date, you will not be ale to get the market value. The amount will depreciate based on the accident.
Posted in Autos
