You’re in an auto accident – Now you have a lien against you for crash damage – In addition you might also have a an imposed claim for Diminished Value – this Diminished Value Car claim is the amount that the resale worth of a wrecked and repaired automobile has been diminished in value for having a major damage history. To be clear there are a couple of major accepted types of Diminished Value and they are:

Apparent Diminished Value factors in optimum repair quality has been done and is calculated as the amount by which the resellable worth of a restored vehicle has been dropped in value simply because the automobile now has a major collision history. This type of Diminished Value is the greatest recognized and widely recognized and agreed upon manner of Diminished Value.

Immediate Diminished Value that is the spread of less in resale value of a vehicle right before the accident has taken place and immediately following damage has occurred but prior the repair. From court cases “Immediate Diminished Value” is rarely applied in resolving a Claim of Diminished Value.

Diminished Value Repairs which are associated with the repair work which include any extra value by which the resell worth of a car may be even more reduced because of poor repairs. Included in this could be anything from less important superficial minor flaws to serious vehicle structural flaws.

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