Although the concept of diminished value has been around formally for at least 200 years, diminished value in the automobile context has become much more popular recently, primarily because of the proliferation of technology and the use of vehicle reporting agencies. It is axiomatic that a party would never knowingly pay as much for a …

Diminished Value (also known as diminution in value) has been around a long time. One of the first recorded instances of diminished value, which was tried in 1840, was Samuel Giles v. The Eagle Insurance Company. The case involved a fishing schooner, the Good Hope, which was considered a “first rate vessel of her class”. …

The largest and most well known vehicle report service is CARFAX®, which originated as a company that provided reports only to car dealers which they provided via facsimile. At that time, they had a database of 10,000 records. Over the last 25 years, CARFAX® has evolved to provide their reports (which are much more comprehensive) …

Answer: YES … The insurance industry keeps coming up with new excuses to not pay what they owe on Diminished Value Claims. To the uninitiated, some of their arguments actually seem to make sense. At Auto Accident Refund we’ve heard all their arguments before and we know how to deal with each-and-every one of them. …

Car value depreciation after a car accident is just a fact. The value of your car just really won’t be the same after it has been involved in a crash, no matter how good the auto shop does in repairing it. Even if your car is brand new or a top of the line model, …

Need help filing a claim for diminished value? After being involved in an accident, your vehicle can repaired to full use. Its value, however, can never be restored to what it was before such an unfortunate event. No matter how well you maintain your post-accident vehicle, it will be worth less than an identical one …

What is a Diminished Value Claim? Diminished value is the difference between the value of your car immediately before a car accident and the value of your car immediately after a car accident. It is also sometimes referred to as diminution of value. When you hear about diminished value claims after a car accident, the …

Diminished Value: The Best-Kept Secret in the Insurance Industry What is Diminished Value? Know your rights if you’ve been in an auto accident. You may be entitled to a check from your insurance company for Diminished Value. Diminished value is the automatic loss in value from a collision. Almost every vehicle that has been in …

Date of Loss v. Date of Disposal The accrual date for determining and paying diminished value has created confusion for those seeking recovery and for those paying the resulting decrease. There are different arguments as to when any diminished value loss should be paid. The two dates standing out most prominently are: 1) The date …

There are few companies that utilize a proper scientific method for calculating Diminished Value. I have seen less than three Diminished Value Reports that would probably be good evidence in a civil trial. The secret is diligence and reality, simply because one has some experience in auto claims, selling vehicles, or in appraising damages doesn’t …