Diminished Value Recover

As you may realize, vehicle owners experiencing collision claims often leave diminished value on the table. This can be extremely frustrating for the vehicle owner at trade-in time. While one usually cannot file for this under their own insurance, when someone else is at fault it is time to consider recovering the loss sustained. Diminished value increases with how much a vehicle is worth and the amount of damage incurred.

Re-Claim Vehicle Value (diminished value recovery)

Diminished value sustained during an accident is often left on the table as you may know. This is extremely frustrating for the vehicle owner at trade-in time. While one usually cannot file for this under their own insurance, when someone else is at fault it is time to consider recovering the Your loss. Diminished value increases with vehicle value and the amount of damage incurred. You should know statute of limitations gives the owner quite some time to claim after the fact (2 years in Indiana).