When a vehicle is subject to a collision, and later repaired, there exists a difference in the value of the pre-collision vehicle and the repaired vehicle—this difference in value is referred to as Diminished Value. Even when the vehicle has been completely restored, it having been in a crash can prevent its value from reaching what it was prior to an accident. There are a few types of Diminished Value that can affect the value of your vehicle, each with its own inherent qualifications.
It is recommended that you seek Diminished Value if your vehicle has been subject to damage without having a significant history of damage. To collect Diminished Value, you must detail the damages of your vehicle though the submission a professionally drawn-up Diminished Value Report. Your insurance company will review the extent of the damages, consider the procedures used, and consult the authorities involved in calculating your Diminished Value claim. Although our repair work is premium and thorough, you have the option to request DV Professionals to investigate the repairs made to your vehicle to supplement any potential Repair-Related Diminished Value to the existing Inherent Diminished Value.