Diminished Value: What Most Insurance Companies Dont Want You To Know
If you have been in a car accident with a newer car that was not totaled but received a significant amount of damage, you may be entitled to more money than you know about. Most insurance companies wont tell you that you may be able to get a significant amount of money for a diminished value claim. Many people do not even know what diminished value means.
Diminished value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. Diminished value is the monetary difference between a cars pre-accident value and its value after the accident the automatic loss in value from a collision. Diminished value is very hard to prove, so many times you need to hire an attorney who handles diminished value claims, depending on what state you live in.
Diminished value exists as a real concept in the insurance world and it is paid all throughout the country. Diminished value is the best-kept secret that your auto insurance company hopes you never learn. Diminished value is a reality, even in cases where repairs eliminate all visual evidence...
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