The Value of Your Claim Reduces Over Time. Diminished Value, by definition, is the depreciated value of an automobile accelerated by an accident or incident; Whereas depreciation is the natural phenomenon that occurs when an automobile gets older. (more…)
Diminished Value: Insurance Companies Phone Numbers
At freediminishedvaluecalculator.com we strive to give you the most current information. (more…)
Diminished Value Formula?
Is There a Magic Diminished Value Formula? A Diminished value formula that can accurately calculate Diminished Value? For starters you need to know the vehicle, the local market and not only the amount of damage, but also the type of damage. There is no magic Diminished Value Formula. Though, all...
How to Prove Diminished Value
Do you know how to prove diminished value? The basis of the diminished value insurance claim is the duty of the insurance carrier to restore the owner of a damaged vehicle to the same position they were in before the accident. (more…)
Do I Need to Sell My Vehicle to Prove Diminished Value?
Date of Loss v. Date of Disposal (Sale) Do I need to sell my vehicle to prove diminished value? The accrual date for determining and paying diminished value has created confusion for those seeking recovery and for those paying the resulting decrease. (more…)
Is My Car Worth Less After an Accident?
Have you been thinking: is my car worth less after an accident? Have you ever shopped for a used car? If so one of the questions you ask is “Has it ever been in an accident?” And if it has what is your reaction? Consider this. (more…)
Statute of Limitations for Diminished Value Claims
Each state has its own statute of limitations for diminished value claims. A statute of limitations requires a claim to be settled, or lawsuit initiated within a certain period of time. Even if your vehicle is repaired after an auto accident, it can never be restored to its pre-accident condition....
What is Diminished Value?
1. What is diminished value"? Diminished value (DV) is the amount of value a vehicle loses after being involved in an accident. (more…)
