Thread: Diminshed Value
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Old 10-15-2020, 10:21 PM   #4
kansasc10
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Join Date: May 2015
Location: Kansas
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Re: Diminshed Value

Quote:
Originally Posted by LS short box View Post
Repaired properly no loss in value. Not repaired properly and you sell it and the buyer is sharp yes less value.
Hard to see all the damage but at least in MN a rear end accident the person that hit you is 100% responsible for all repair costs. A number of years ago I was hit from behind in my Silverado. The guy that hit me his insurance company was more than happy to do what ever it took to make me happy. The insurance company was really worried that I would have years of "whip lass" injuries.
Make sure you don't short changed by the insurance company. Don't sign any thing until you are totally happy.
They are claiming 100% responsibility but are trying to pay me 50% of what the estimate was. In addition to pursuing a damage claim, I can also pursue a diminished value claim. Just hard to know how much less someone would pay for my truck, simply because it was previously in an accident.
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