Determining the Amount of Diminished Value
The Three Types of Diminished Value Claims: Inherent, Repair-Related, and Insurance-Related Diminished Value Most vehicle owners know their car is worth less after an accident, but few understand there are actually three different types of diminished value claims. Understanding the differences between inherent diminished value, repair-related diminished value, and insurance-related diminished value is critical when […]
DIMINISHED VALUE IN NEW CARS
IS THERE SUCH A THING AS DIMINISHED VALUE IN NEW CARS? New cars at dealerships can get damaged in various ways that aren’t the fault of the dealer. These include customer mishaps in the lot, damages caused by car carriers and, of course, the inevitable accidents that customers get into with their loaners. After repairs […]