What is Diminished Value?

The law defines Diminished Value as “the difference between a vehicle’s value immediately before the accident and after the repairs have been completed”. 

Over 50% of all buyers won’t buy a car that has been in an accident. Those that will expect a large discount. That is what keeps Carfax in business

Who pays for
Diminished Value?

By law only the At-Fault driver’s insurance policy pays for diminished value, not the victims insurance policy.

Will my premiums Increase?

No. Under the Law the at-fault driver’s insurance company pays for diminished value, your insurance company never pays a penny.