Lost Value Claims After Your Car Is Repaired
You are entitled to diminished value if your car was repaired after being in an accident. Diminished value is the amount of money your car decreases in value because it has been in a wreck. When you go to sell your car, the car dealer or buyer can pull a report out of a national database using your car’s VIN number. When they see your car was in an accident, it makes your car worth less. In most States, you have a legal right for the insurance company to compensate you for this lost value.