Your car starts to depreciate once you drive it off the dealership and will continue to lose its value over the years. However, the value significantly drops after an accident, even if you get the ...

Diminished value is the difference between your car’s value before an accident and after, even if it’s repaired. Filing for a diminished claim may help you earn back some of your car’s lost market ...

FT. LAUDERDALE, FL, April 25 /PRNewswire/ - Imagine you're stopped at a red light when someone rear-ends you. The insurance company pays for the repair as well as your deductible. However, your car ...

A brand-new car has a high market value at the time of purchase. It may lose value once you drive it off the showroom. Your car's value may decrease as it ages and has more miles driven on it. Even if ...

Q: My leased car had only 900 miles on it when it suffered damage in excess of $13,000 in an accident that was the other driver’s fault. His insurance company paid for the repairs but has refused my ...

Auto insurers are often asked by their insureds and third-party claimants to pay for what are known as “diminished value” damages in connection with car accidents. Generally speaking, “diminished ...