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Can You Claim Diminished Value After a Crash?
Diminished value is the resale drop after a repaired crash. How claims against the at-fault driver's insurer typically work, and how to document the loss.
This short video is a summary of our explainer Diminished Value After a Car Accident: Can You Get Paid for the Value Your Car Lost?, which covers the details, the steps to take, and how auto insurance typically handles it.
Transcript
Diminished value is the drop in market value after a crash, even when repairs look perfect, because the car now has an accident history. In many states you can ask the at-fault driver's insurer to pay that loss as part of the property damage claim. Collecting diminished value from your own policy is much harder. Document the loss with repair invoices, photos, and an independent appraisal. State rules vary.
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