Diminished Value Claim - Recovering Insurance Money After A Car Accident Your car automatically looses value after an accident. But you might be able to get some of that money back. Watch the video for
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What is the best method for proving diminished value of a car? : r Multiply the product of our damage multiplier equation by the mileage multiplier: $1,250 x 0.80 = $1,000. The at-fault driver's insurance
The car hasn't been fixed yet but I have it scheduled for thursday. Archived post. New comments cannot be posted and votes cannot be cast. Learn what diminished value is, what causes it, and how to prove and recover your vehicle's lost value after a car accident. So if your vehicle was worth $10,000 before the accident, the max its diminished value would be is $1,000 (10,000 X .10 = 1,000). 2. A damage
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How To Calculate Diminished Value - The Monsour Law Firm After an accident, a vehicle will lose value even if the damages are minor. Inherent diminished value is the adjusted value of the car after having accident on The 17c Formula Step-by-Step · Base loss = $3,000 (10%) · Moderate damage multiplier (0.50) = $1,500 · High mileage deduction (0.80) = $1,200
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