Diminution in Value as a result of Accident Damage Repairs.
The assessment for Diminution in value is a calculation based upon an inspection of the vehicle concerned and consideration given to:-
- The Vehicle type
- Specification
- Age
- Condition
- Value
- Extent of Repaired Damage
- Mileage
- Vehicle History
- Cost of Repairs
When all these points are considered and the vehicle valued, then the calculation is carried out and a report is compiled for you or your Solicitor’s use.
We would generally consider the younger the vehicle is, the greater the potential for Diminution in value.
Prior to any inspection being carried out we would give an indication of the likelihood of Diminution in Value being a possibility. This has the advantage of no costs being incurred by the customer.