Have you been in an accident?

If the other driver is at fault in your accident and has no auto insurance, then you should be entitled to a Diminished Value Claim. After an accident, your car’s market value will decrease. Diminished value is the digging your car’s market value before and after an accident. Even if you try reselling your vehicle, Carfax and similar reports will show that it has been involved in an accident,which will reduce its market value. A diminished value claim can help you recover the loss in value of your vehicle in the form of a direct payment to you!

The amount of diminished value depends on several factors such as the severity of damage, age and mileage of the car before the accident, make and model of your car etc. In some cases, you can file a claim with your insurance company to recover this loss in market value.