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  2. 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): (1) Inherent diminished value

  3. 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 ...

  4. Diminution in value - Wikipedia

    en.wikipedia.org/wiki/Diminution_in_value

    After car accidents, the right to claim diminution in value depends on the country or state [2] and who is at fault. [3]Major car rental companies do charge their renters for diminished value after accidents, unless the renter pays for a Damage waiver (Avis, [4] Budget, [5] National, [6] Thrifty [7]).

  5. Total loss - Wikipedia

    en.wikipedia.org/wiki/Total_loss

    Once a vehicle has been written off and repaired the vehicle may still lose value. Diminished value is the reduction in a vehicle's market value occurring after a vehicle is wrecked and repaired, otherwise called accelerated depreciation. To collect diminished value after a car accident, insurance companies usually ask for a diminished value ...

  6. What is the actual cash value of my car? - AOL

    www.aol.com/finance/actual-cash-value-car...

    Trade-in value: This is the value of your car after trading it in to a dealer for another car. Trade-in value is calculated after the dealer assesses your vehicle’s condition and factors in what ...

  7. Car theft statistics 2024 - AOL

    www.aol.com/finance/car-theft-statistics-2024...

    Car theft rates are stabilizing — but ... but part of an ongoing spike in auto theft since 2019. ... The average claim severity for stolen cars other than Hyundai and Kia models was $21,681 in ...

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