Diminished Value is the loss in market value that occurs when a vehicle
is wrecked and repaired. Insurance companies will only offer you part of what
is due if anything is offered at all.
Don't let the insurance company tell you how much. Ask The Experts at
Collision Claim Associates, Inc.
They stay with you thru the entire claim process.
You get an inspection which most companies demand before any payout.
Then a detailed report with the real DV dollar amount with instructions and
demand letters for all contingencies.
Why would an insurance company offer monies for a car that has been
previously repaired (past tense)?
As far a resale value for a car that has been repaired, the damage to the
frame or chassis is a consideration, as is the workmanship of the repair and
the paint job itself after the repairs. If all that can be found is some
rust on some bolt heads that hold body parts, its not an issue at all.
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