What is Diminished Value?
Diminished Value is the difference between the best price the owner could have gotten for the vehicle before the wreck and the best price the owner can get assuming – actually or hypothetically – that the vehicle is repaired as well as it can be repaired. When a vehicle gets wrecked, consumer demand goes down even if a repair shop does a great job fixing it. As demand goes down, so does the value of the asset.
Who do we work for?
We are truly independent expert appraisers. We have worked with both insurance companies and consumers as expert witnesses in resolving complex Diminished Value and Disputed Value Claims. With our passion for the auto industry, extensive knowledge of the vehicle market, and understanding of auto body repairs we can accurately assist in the assessment of a Diminished Value Claim.
Would you pay the same dollar amount for these two vehicles?
Diminished Value FAQ’s
Frequently asked questions about Diminished Value and why we are the preferred claim specialists in Washington