Question 1

What exactly is Diminished Value?

Accepted Answer

Diminished value is the loss in a vehicle's market value after it has been damaged and repaired. Even if the repairs are perfect, the vehicle's history of being in an accident makes it worth less to potential buyers than a similar vehicle with a clean history. This is not your car’s total value, but the amount an insurer may deduct from its market value after a collision.

Question 2

Can I make a diminished value claim in Washington State?

Accepted Answer

Yes. In Washington, you are generally entitled to claim diminished value if the accident was not your fault. You would file this claim against the at-fault driver's insurance company. It is much more difficult to claim diminished value from your own insurance company (a first-party claim), but it's standard practice for third-party claims.

Question 3

What documentation do I need to file a claim?

Accepted Answer

A strong claim requires thorough documentation. This typically includes the police report, photos of the damage, the initial insurance estimate, the final repair invoice from a certified shop like ours, and a formal diminished value appraisal report from a licensed appraiser. We help you gather and organize this paperwork.

Question 4

How does Precision Auto Body help with my claim?

Accepted Answer

We provide the essential documentation and expertise you need for a successful claim. This includes: 1) Performing OEM-certified repairs that restore your vehicle's safety and integrity. 2) Providing detailed documentation of the damage and the repair process. 3) Recommending certified appraisers who can produce a formal, USPAP-compliant report for your insurance company.

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Understanding Diminished Value