If your car’s been in an accident—repaired or not—it’s likely worth less than before. That loss in value is known as diminished value, and it can be claimed as part of your insurance settlement. In this article, you’ll learn what a diminished value claim is, how it works, and what
If your 2024 Acura Integra has been in an accident, even a seemingly minor one, its market value likely took a hit—whether the repairs were flawless or not. Unfortunately, many owners don’t realize just how much money they leave on the table when insurance companies undervalue post-repair losses. That’s where
Electric vehicles (EVs) are gaining ground in the automotive market, but many buyers are shocked by how quickly these cars lose value. According to recent studies, EVs lose up to 58.8% of their value within five years—a much higher drop than traditional gas-powered cars. In this article, you’ll learn: By
Even after top-tier repairs, your Lincoln Navigator may have lost thousands in market value—and you could be entitled to claim that loss. In this article, you’ll learn what diminished value is, how much your vehicle may have lost, and the exact steps to file a claim and get fair compensation.
When it comes to buying a vehicle, reliability isn’t just a nice-to-have—it’s essential. No one wants to deal with frequent repairs, unexpected costs, or frustrating tech failures. That’s why dependability rankings have become one of the most trusted indicators for car buyers, whether you’re shopping new or used. In this
If your 2024 Nissan Versa has recently been involved in an accident, you’re probably concerned about how this affects its resale value. Even after repairs, your car’s market value typically drops due to its accident history—a situation known as diminished value. In this article, you’ll discover exactly what diminished value
Car prices have been a hot topic in recent years, and 2025 is no different. While some expected costs to drop significantly, the reality is more complicated. New and used car prices remain high, making affordability a challenge for many buyers. dd In this article, we’ll break down the current
Even after top-tier repairs, your 2025 BMW X6 loses value simply because it has an accident history. This loss, known as diminished value, can cost you thousands when selling or trading in your car. But here’s the good news—you may be entitled to compensation. Insurance companies, however, often undervalue claims
If you need a car appraisal, you’re probably wondering: How long does it take? The short answer—it depends. The type of appraisal, the vehicle itself, and who’s conducting the evaluation all play a role in the timeline. In this guide, we’ll break down how long different types of appraisals take,
Imagine this: You’ve just repaired your 2022 Chevrolet Spark after an accident, and it looks as good as new. But when you try to sell or trade it in, dealers offer thousands less—simply because of its accident history. This loss, known as diminished value, is a hidden financial blow many car
Legal Terminology Training Manual This training manual provides definitions and explanations of common legal terms used in litigation, personal injury cases, and dispute resolution. Understanding these terms is essential for legal professionals, clients, and anyone involved in legal proceedings. Key Legal Terms and Definitions Alternative Dispute Resolution (ADR) Assumption of
If your 2023 Chrysler 300 has been in an accident, you may be facing more than just repair costs—you could be dealing with diminished value. Even after top-quality repairs, your car is no longer worth what it was before the accident. But how much value did it actually lose? More
If you’re considering taking legal action, small claims court is often the easiest and most affordable way to resolve a dispute. Each state has a maximum lawsuit limit, which determines how much money you can sue for in small claims court. Some states allow claims as high as $25,000, while
Even after repairs, an accident can significantly impact your vehicle’s market value. If your 2024 Nissan Titan was involved in a collision, it has likely suffered diminished value—the difference between what it was worth before the accident and what it’s worth now. In this article, you’ll learn how diminished value
When your car has been involved in an accident and sent to the shop for repairs, you expect it to be restored to its original condition. However, even after repairs, one crucial aspect often goes unnoticed: repair-related diminished value (DV). This is the loss in your vehicle’s market value due
Your Volkswagen ID.4 may look as good as new after an accident, but its resale value tells a different story. Even with top-quality repairs, buyers and dealerships see accident history as a red flag—leading to a significant loss in market value. This article breaks down exactly how much your 2024
The Trump administration’s newly proposed tariffs on imports from Canada and Mexico have sparked widespread concerns, particularly within the automotive and energy sectors. These tariffs, set to impose a 25% tax on imported goods, could lead to increased prices for gas, cars, and essential consumer products. In this article, we’ll
Even after repairs, your Audi A4 is worth less than before the accident. This loss is called diminished value, and it affects your car’s resale price. Insurance companies often minimize or ignore it, but with the right approach, you can recover what you’re owed. This article breaks down how diminished
Car ownership is a cornerstone of modern life, offering convenience and freedom. However, the costs associated with owning a vehicle can vary dramatically depending on where you live. From insurance premiums and gas prices to registration fees and maintenance costs, the state you reside in plays a pivotal role in
Accidents happen. Even a minor fender bender can significantly impact your car’s value. If you own a 2023 Mitsubishi Mirage and it’s been involved in a collision, you might be entitled to compensation for its diminished value. This case study explores how we calculated the diminished value of a 2023
Would you rather collect 80% of an accurate appraisal or 20% of an inflated one?
Many clients believe that if another appraiser gives them a higher initial estimate, the settlement amount will be equally high. WRONG!
Insurance companies know who the legitimate appraisers are, so don't get caught up in the estimate game. Hire an appraiser based on their credentials and reputation.
Seven things to look for when choosing an appraisal company
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