Determining the Amount of DV
There are three types of diminished value claims: inherent, repair-related, and insurance-related. The general consensus among insurance companies, vehicle owners, car dealers and automobile appraisers considers inherent diminished value to be value lost due to stigma, repair-related diminished value to be value lost due to repairs not returning a vehicle to pre-accident condition, and insurance […]
Diminished Value Methodology
How is diminished Value calculated? The St. Lucie Appraisal Company’s service AUTODIMINISHEDVALUE.COM is just one of many independent appraisers that provide automobile diminished value reports for consumers. Each company has its own method of calculating the amount of value a car has lost after undergoing collision repairs. This article will examine each method and furnish […]