Your Source for
Diminution of Value
Loss Of Use
Expert Witness Testimony
What is “Diminution of Value?” It is the dollar amount of reduction in the retail value of a vehicle due to the fact that you must disclose your vehicle has been in a wreck.
Typically, “Diminution of Value” involves claimant vehicles and those insured who file a claim under their personal insurance policy as an “Uninsured or Underinsured Motorist.” Most insurance carriers will honor claims up to 2 years old.
Should you have any questions, we may be able to help. The vehicles considered for “Diminution of Value” should be 7 years old or newer and be in good condition with no prior damage claims.