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  2. How to file a diminished value claim - AOL

    www.aol.com/finance/file-diminished-value-claim...

    Based on this example, an auto insurer would pay out a maximum of $1,500 for a diminished value claim on this vehicle. However, based on the damage and mileage, the final calculated estimate for a ...

  3. Learn How Car Depreciation Is Calculated and Why It's ... - AOL

    www.aol.com/learn-car-depreciation-calculated...

    Depreciation is how quickly a car loses its value over time. While this number may seem like an abstract concept, it does affect your car's overall worth. Finance experts base this figure on a ...

  4. Diminished value - Wikipedia

    en.wikipedia.org/wiki/Diminished_value

    Unlike depreciation, which is an anticipated and predictable loss in value over time, ‘Inherent Diminished Value’ is a loss in value due to a specific, sudden and unexpected negative occurrence. Diminished value of an automobile following an accident may occur in one of two ways (or a combination thereof):

  5. Car depreciation: What it is and how it works - AOL

    www.aol.com/finance/car-depreciation-works...

    Condition: If your car has been in an accident, or received scratches and other damage along the way, it will be worth less than a car that is in mint condition. How to mitigate depreciation

  6. Actual cash value - Wikipedia

    en.wikipedia.org/wiki/Actual_cash_value

    In the property and casualty insurance industry, actual cash value (ACV) is a method of valuing insured property, or the value computed by that method. Actual cash value (ACV) is not equal to replacement cost value (RCV). Actual cash value is computed by subtracting depreciation from replacement cost. [1]

  7. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    An asset depreciation at 15% per year over 20 years. In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used ...

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