What is Inherent Diminished Value?
Even after perfect repairs, a vehicle with accident history is worth less than one without. This is called Inherent Diminished Value. Our professional report documents that loss so you can recover what you’re owed.
What Diminishes the Value of my Vehicle?
- 43% of automobile buyers refuse to purchase a vehicle with accident history on CARFAX.
- 42% of interested buyers will only purchase a repaired vehicle at a significant discount.
- Accident history often disqualifies vehicles from lucrative Certified Pre-Owned programs.
You deserve compensation for this loss in value. Our report provides the professional documentation you need to file your claim.
When should I file a Diminished Value claim?
Most people file about 6 months after the accident, once repairs are complete and they have all documentation. However, check your state’s statute of limitations.
What information do I need to complete the report?
You’ll need your VIN, mileage, date of loss, repair cost, and optionally your insurance carrier information and claim number.
How is the Diminished Value calculated?
We use a deviation percentage formula that considers your vehicle’s age and the severity of damage (measured by repair cost). This is applied to the Pre-Loss Actual Cash Value of your vehicle.
Can I save my progress and come back later?
Yes! Create an account to save your progress. You can log in anytime to complete your report as you gather the necessary information.
