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Diminished Value Statute of Limitations in the United States

Diminished Value Statute of Limitations
Diminished Value Statute of Limitations vary in all 50 states. Every State in the U.S. has its own property damage (3rd party torts) laws. Vehicle Diminished Value Statute of Limitations require a claim to be settled or lawsuit initiated within a certain period of time of time from the date the original incident occurred. Use the list below to determine Continue Reading...
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HOW TO DETERMINE DIMINISHED VALUE

How to determine diminished value? First you need to understand what diminished value is. Diminished Value is the sudden and unforeseen loss of value of a vehicle due to having sustained collision damage and subsequent repairs. This is not to be confused with normal depreciation that occurs to a vehicle over time. Consumers generally believe that a vehicle damaged by Continue Reading...
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BASIS OF A DIMINISHED VALUE CLAIM

What is the basis of a Diminished Value Claim? Inherent Diminished Value is the sudden and unforeseen loss of value of a vehicle due to having sustained collision damage and subsequent repairs. This is not to be confused with normal depreciation that occurs to a vehicle over time. Inherent diminished value assumes that the vehicle has been repaired to industry Continue Reading...
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WHAT IS DIMINISHED VALUE?

What is diminished value? Diminished value is the reduction in a vehicle’s market value occurring after a vehicle is damaged and then repaired. Collision history is a relevant fact, and so is diminished value. Industry research indicates that severely damaged and repaired vehicles can lose as much as 40% of their pre damage value, even with quality repairs. Of course, Continue Reading...
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