Diminished Value Of Vehicles
It’s an unfortunate truth that if your vehicle is involved in a motor accident and needs to be repaired, then this can impact the value of your vehicle compared to like-for-like vehicles that haven’t had to have repairs done after an accident. The fact it’s been involved in an accident and needing repair alone can impact the overall value.
Your insurance company will likely say, everything is fine and the vehicle will be put back to a ‘pre-accident’ condition. However, what they likely won’t tell you is that diminished value can now negatively impact the value of your vehicle even after repairs. We are here to protect you at Wreck Check. Our diminished value claims handlers will be able to deal with your insurance company to help compensate you for the loss of value of your vehicle due to it being involved in a accident or other claimable incident.
A high number of insurance companies do cover diminished value but they won’t publicise it if not asked or pushed on the issue. This can be time-consuming and stressful for you, but with us by your side, you won’t have to worry about a thing. We will take care of the full process for you and all you will have to do is wait for the payment to compensate you for the diminished value.