The Information Resource For Accident Victims In Pennsylvania

What is Diminution in Value?

When a car is involved in an accident and needs to be repaired it loses value. This loss is known as diminution in value. Any repairs to your car at all result in diminution in value. It is the extent of the repairs which dictates just how drastically your car’s value is affected. In certain cases, however, your insurance provider may pay for your vehicle’s diminution in value. You should speak to an attorney for more information on this.

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