What Is Diminished Value?
Accident + Repair = Loss In Vehicle Value
The Good News - You May Be Entitled To Recoup It!
Download our FREE step by step guide to find out
how to get back your diminished value.
Once your vehicle has an insurance claim registered against it, buyers will perceive it to be worth less compared to a claims-free vehicle, even if repaired properly. This loss in market value is known as Inherent Diminished Value or Accelerated Depreciation.
Except for a few US states, your insurance policy does not typically cover Diminished Value.
However, every insured driver in North America is required to carry liability coverage, the intent of which is to cover losses to someone else's property as a result of their fault. Diminished Value is such a loss.
In plain English, if someone hits you, you have now suffered a loss in vehicle value through no fault of your own. Their liability coverage is responsible for covering your loss.
For only $, our Diminished Value Calculator generates an instant Professional Opinion Report of inherent diminished value which, together with our FREE Step By Step Guide, can help you reclaim your loss according to the rules of your jurisdiction.