Diminished Value
DIMINISHED VALUE – YOUR INSURANCE COMPANY’S BEST KEPT SECRET
Even after your car is repaired, an accident can leave a lasting hit on its value, something insurance companies rarely mention. That drop is called diminished value, and its real money you could miss out on. A car’s diminished value is the reduction in its market value after it has been damaged and repaired.
HOW DIMINISHED VALUE AFFECTS YOU
Even if the vehicle is restored to like-new condition, its history of damage, especially from an accident—makes it less desirable to potential buyers, lowering what it’s worth compared to an identical vehicle with no accident/loss history.
Most insurers won’t pay unless you make a diminished value claim—that’s where we come in. At Auto Appraisal Network Detroit, we specialize in uncovering that hidden loss. Our appraisers use a complex formula and vehicle comparisons to determine depreciation. Don’t settle for less. Let us help you recover the value your car really deserves.
If you answer “yes” to all the following questions, you may qualify for thousands of dollars in diminished value.
- The accident was the other party's fault
- You’re buying or own your vehicle; it’s not a lease
- This is the first accident/loss your vehicle has been in
- The accident/loss happened within the past three years
Contact us for a free diminished value analysis once your vehicle repairs are complete and you have the insurance estimate.
