If your auto has suffered damage in the past, its market value may have decreased, causing what we refer to as Diminished Value. Fortunately, you may be entitled to file a diminished value claim, and our review process can provide you with all the necessary information to make an informed decision. Our goal is to ensure that you are an informed consumer who knows their rights when it comes to claiming damages. At ACIS, we offer timely and accurate assessments of diminished value. Our reports include a detailed review of the itemized repair record and how it affects the value of your vehicle, a vehicle history report with supporting documentation, an explanation of what happens to a repaired, damaged vehicle in the marketplace, and a description of the type and extent of damage, including identification of structural, frame, suspension, and safety-related components. We also provide support through demand letters, phone calls, and emails.
If you've recently been in a car accident, you may have come across the term "diminished Value." It is crucial to understand that Diminished Value or reduction of value refers to the disparity in the market price of a vehicle just before and after an accident, and it is not the same as depreciation, which indicates a gradual decline in value over time. To recover the loss, it is advisable to file a claim for diminished value.