Jan 3, 2017
What types of diminished value exist after a car accident?
There are three types of Diminution in value claims.
1. Instant diminished value is before repairs are made, it is the repair cost plus loss in market value.
2. Inherent Diminished Value is after repairs are made, the loss of market value because of a bad history report.
3. Repair Related Diminished Value is against the auto body shop or in rare cases the insurance company for bad repairs and possibly cheap replacement parts and paint mismatches.