What Is Diminished Value?
Diminished value refers to the loss in a vehicle’s market value after it has been in an accident, even if it has been professionally repaired. Many buyers are reluctant to pay full price for a car with an accident history, which lowers its resale value.
Why Insurance Might Not Tell You This
Insurance companies don’t always inform policyholders about diminished value claims. In many cases, they hope you won’t pursue compensation unless you bring it up yourself. That’s where a professional appraisal can make all the difference.
How a Diminished Value Appraisal Helps
A certified appraisal gives you the documentation you need to prove your car’s reduced value. This gives you leverage when negotiating with the insurer, helping ensure you’re not left paying the price for something that wasn’t your fault.
Let Us Help You Get What’s Fair
At Loss Values Auto Appraisals, we’ve helped hundreds of drivers across Washington and beyond recover what they’re rightfully owed. If you’ve been in an accident, start with a free diminished value assessment today.
