All About Diminished Value of a Car…AFTER an Auto Accident

Monday, August 10, 2015

If you’re hit in an accident, the at-fault party’s insurance company is responsible for getting your vehicle back to pre-accident condition by making any necessary repairs. However, even if your vehicle is restored to its pre-accident condition, it may not be restored to its pre-accident value. In other words, if you were to sell your vehicle, you may receive less money for it simply because it now has an accident in its history, especially if that was its first and only accident. This is called “diminished value.”

Read the full article:
https://www.nevadainsuranceenrollment.com/all-about-diminished-value-of-a-car-after-an-auto-accident/