Claiming Your Diminished Value Auto Claim

It is very difficult to claim a diminished value auto claim but on the same time it is also very important to claim for a Diminished Value auto. When your car has been in an accident and your auto insurance company has paid for its repair then you feel that they have done their job and all you do is to thank them and let them get away with the entire actual premium that you pay every year for your car insurance. Actually you can claim a diminished value auto claim even after you have been paid for your cars repair.

If you think that your car still holds the same resale value it had before an accident then you are mistaken. Your car has lost its original sale value and the value goes down at least about one fifths of the original resale price. No this can be a big shock for some one who has purchased a brand new car which came across and accident and now his auto has been a part of the Diminished Value auto list. Well you can easily claim your diminished value auto claim and which can be paid by the insurance company up to 40% of the devalued price quite easily. A diminished value auto is called a ‘certified used vehicle’ and due to this reason the diminished value auto cannot be sold at a good price. There are several people who want to buy used vehicles but they should not be charged as a diminished value auto. This is so that all those people who actually do not even tell that their car has been in an accident the experts know where to look and see if the car has ever been in an accident. There are records that show in ‘CARFAX’ about all those cars that have ever been damaged in accidents. So a car that has been in accident loses its original value and the Diminished Value auto gets very low price where it could have been sold at a much better price before the accident.

You can easily place your diminished value auto claim with your insurance company and make them pay for the money that has been lost because of the accident and the price going down because you have been paying them for this reason. It is very easily justified that when they have paid for the repairs of the car then that is all they were hired for but actually know; hire and expert or a lawyer and get to know how much money you can actually claim for your diminished value auto and quite easily too. There are several people who do not know that the Diminished Value Claim can be filed for your insurance company and even for the other person’s insurance company if you were not at fault. This is easily justified that your car was wrecked due to their fault and so they have to pay for the loss they have caused in making your car labeled as a Diminished Value auto.