by WWCadmin | Dec 7, 2020 | 01 Time Sensitive Articles, Blog Articles, Diminished Value, Insurance Claim Appraisals
Diminution of value occurs when a vehicle is wrecked or damaged in an accident. The vehicle is subsequently repaired or restored to road-worthy condition, and the insurance company agrees to pay the auto claim for the repairs. The car is now inherently worth less,...
by WWCadmin | Jan 16, 2020 | Blog Articles, Diminished Value, Insurance Claim Appraisals
What Is Diminished Value?: Diminished value is an amount of money owed to the vehicle owner by the at-fault insurance company for decreasing the market resale value of the motor vehicle due to its significant repair history. Despite being fully repaired, the vehicle...
