3 Types of Diminished Value:

➤ IMMEDIATE DIMINISHED VALUE
This represents the difference in resale value before the accident vs. after the accident.

➤ INHERENT DIMINISHED VALUE
This represents the loss in value that occurs due to the fact that your vehicle now has an accident history. Even if your vehicle has been fully restored to pre-accident condition, Inherent Diminished Value occurs.

➤ REPAIR-RELATED DIMINISHED VALUE
This represents the loss in value that occurs when your vehicle is not fully or properly restored to pre-accident condition. These kinds of improper repairs can mean that your vehicle is no longer as safe as it was before your accident. Ensuring safety is one of the most important reasons to get a post-repair inspection, especially after an accident that causes structural damage.

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