Diminished Value Automobile Claims- What’s that?

After a collision, your conversations with auto insurance companies may involve vehicle inspections, repair estimates, and coverage to repair or replace your vehicle. What you probably won’t hear your insurance agent talk about is your vehicle’s “diminished value.” Diminished value is a valid type of compensation you may be able to claim after a collision that damages your vehicle. To obtain this additional compensation, you must file a diminished value claim.​