DIMINISHED VALUE
WHAT IS DIMINISHED VALUE?
Diminished value refers to the loss in a vehicle’s market value after it has been involved in an accident, even after it has been fully repaired.
Example:
A vehicle worth $23,123 before an accident may only be worth $15,954 after repairs.
That difference is the diminished value.
OUR SERVICE
Our team provides a comprehensive diminished value evaluation, using industry data, market comparisons, and vehicle history analysis to determine the true loss in value. We prepare a detailed, professional report that can be used to support your claim with the insurance company.
BENEFITS
Why this service matters:
Recover money you’re entitled to after an accident.
Protect your vehicle’s true market value.
Strengthen your insurance claim with professional documentation.
Avoid settling for less than your vehicle is worth.
CONTACT US FOR A FREE REVIEW
You may qualify if:
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The accident was not your fault
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Your vehicle has been repaired and you have a final invoice
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Your vehicle is 10 years old or newer
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Your vehicle has less than 100,000 miles
Additional Services:
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General Appraisal
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Total loss valuations
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Expert diminished value reports
COLORADO LAW IS ON YOUR SIDE
Courts have upheld your right to recover diminished value since 1923.
Diminished value of your vehicle is recoverable in third-party cases only. You can only recover from third-party at fault insurance companies/parties and you cannot make a claim under your own uninsured motorist insurance coverage. The statute of limitations is 2-3 years from the time of the accident for a diminished value claim.
Trujillo v. Wilson, 189 P.2d 147 (Colo. 1948)
Supreme Court of Colorado
Filed: January 12th, 1948
Precedential Status: Precedential
Citations: 189 P.2d 147, 117 Colo. 430
The measure of damage is the difference between its value immediately before its damage and immediately thereafter, together with any expense of reasonable efforts to preserve or restore it.
Larson v. Long, 74 Colo. 152 (1923)
Colorado Supreme Court
Filed: October 1st, 1923
Oct. 1, 1923
No. 10,585 74 Colo. 152
Automobiles: Evidence of the depreciation in value of an automobile on account of its having been in an accident, is admissible, the depreciation being an element of damage.