Do you know how to prove diminished value? The basis of the diminished value insurance claim is the duty of the insurance carrier to restore the owner of a damaged vehicle to the same position they were in before the accident. (more…)
Do I Need to Sell My Vehicle to Prove Diminished Value?
Date of Loss v. Date of Disposal (Sale) Do I need to sell my vehicle to prove diminished value? The accrual date for determining and paying diminished value has created confusion for those seeking recovery and for those paying the resulting decrease. (more…)
Is My Car Worth Less After an Accident?
Have you been thinking: is my car worth less after an accident? Have you ever shopped for a used car? If so one of the questions you ask is “Has it ever been in an accident?” And if it has what is your reaction? Consider this. (more…)
