Diminished valuation is Identical to the astray price of a damaged car.
Diminished value is the size of loss suffered when your vehicle is damaged or destroyed in an accident. This is the dollar bigness for which the insurance company of the at-fault vehicle Chauffeur is liable. In some instances it may be the reward of the repairs it would gate to levy your vehicle back in the instance it was in before it was hit. Some websites proposal a diminished expenditure calculator (detect Process), or you can impel the loss in payment on your own.
Instructions
1. If the vehicle can't be repaired and is considered a total loss, then the Blue Book value is the diminished value.3. Get the repair cost estimate from the at-fault driver's insurance company.
Treasure the Kelley Blue Book reward for your vehicle online (see Resources) or consult a copy of the Blue Book at your public library.2. Get at least three estimates of the cost to repair your vehicle.
The amount it offers to pay should be equal to or more than the repair cost or diminished value. If it is not, demand more.
