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What is a diminished value claim?
What is a diminished value claim?
Diminished value claims are automatically included in any property damage settlement provided by the insurance company after an accident.
Diminished value claims are automatically included in any property damage settlement provided by the insurance company after an accident.
A client whose vehicle was declared a total loss after an accident asks if they can file a diminished value claim to recover the difference between the vehicle's pre-accident value and its salvage value. Is this possible?
A client whose vehicle was declared a total loss after an accident asks if they can file a diminished value claim to recover the difference between the vehicle's pre-accident value and its salvage value. Is this possible?
What are the first steps a client should take to file a diminished value claim?
What are the first steps a client should take to file a diminished value claim?
Which documents are essential to support a diminished value claim? (Select all that apply)
Which documents are essential to support a diminished value claim? (Select all that apply)
What should be included in a claim letter for a diminished value claim?
What should be included in a claim letter for a diminished value claim?
High-quality repairs can eliminate diminished value.
High-quality repairs can eliminate diminished value.
Why is understanding diminished value claims important for the property damage department?
Why is understanding diminished value claims important for the property damage department?
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