Wrecked Car Damaged Vehicle Blog

RSS Grab DamageMAX RSS Feeds

Diminished Vehicle Value – The Perfect Storm for Insurance Companies

- Wednesday, March 12, 2014

Diminished Value is probably the dirtiest thing you can say to an insurance adjuster. Just say it and watch them get weird…Insurance adjusters are trained to be neutral and generally stoic by nature. It's pretty hard to "rattle their cage" unless you say the magic words "Diminished Value" or DV.

Diminished Value occurs when an automobile is involved in an accident, vandalism, storm or some other type of event where physical damage occurs.

There are three levels of diminished value:

  1. Stigma DV – the insurance companies involved will report your claim along with the settlement amount to data providers that will feed the information subsequently to CARFAX and AutoCheck. The vehicle will have a score that is impacted by this history and the value of the vehicle will depreciate up to 15% just because the vehicle was previously damaged.
  2. Frame / Structural DV – when there is physical evidence that a vehicle has been repaired extensively and the structure of the vehicle was compromised. The quality of the collision repair work is not in question, it is the fact that significant structural repairs were made to the vehicle. A good benchmark for the potential of structural DV would be collision repairs totaling to greater than $3500.00
  3. Sub-standard Repairs – physical evidence of poor quality repairs would significantly impact the value of the repaired vehicle. This compounds the DV effect as corrective repairs will be required before any estimate in DV can be ascertained.

Vehicle Data reporting sources like CARFAX & AutoCheck have created tremendous awareness, even fear and the american consumer is possessed with knowing vehicle history before they consider purchasing a vehicle. Great for CARFAX & AutoCheck, bad for insurance companies! Why? Because there are new businesses sprouting up every day to ride the Diminished Vehicle Value wave. There are companies like WreckCheck and TrueFrame that inspect previously damaged vehicles for repair quality in an attempt to restore a portion of the vehicles diminshed value. This comes at a price however, and the consumer must pay a few hundred dollars to get a certification that their vehicle was repaired properly. Sound fair to you? WRONG! You are sitting at a stoplight minding your own business and you get blasted from behind by a "texting teeny bopper" in mommy's Expedition. You are not at fault, and mommy's insurance company is quick to tell you they will be handling the repairs, but what about Diminished Value? Your vehicle is going to take a big hit in the value department and you won't be getting compensated for it?

CARFAX just announced that they will begin a classified listing service for automobiles. This will create more awareness as vehicles will only be listed "with" history reports visible for the consumer to peruse.

So if you're the victim of an accident and you believe you are not at fault, ask about being compensated for the Diminshed Value.

For more information on diminished vehicle value or to sell a previously damaged vehicle, please visit damagemax.com.

Recent Posts


DJ Harrington Trade-in Program buy vehicles CarFax Reports selling a vehicle cash out of your wrecked vehicle damaged cars damaged vehicle replacement value for your Damaged vehicle sell your Honda trade wrecker services accident with no insurance buys wrecked cars selling any vehicle leaking fluids collision repair flood vehicles sell your damaged wrecked car experts flood damaged cars wreck your car cash for the car replacement vehicle repair your car selling their damaged car buying a used car wreck your vehicle consumer awareness Dr. Harrington damaged vehicle purchases check for your wreck salvage value D.J. buys any car average tow & storage bill value of your vehicle sell a car pre-cash value buyer of damaged vehicles wrecked your car sell your old car damaged vehicle towing company repairing the wrecked car Sell your car FAST DamageMAX.com car for sale problem truck sell your wrecked car online vehicle for trade-in repair check selling totaled vehicles junk cars Honda selling a damaged car repairs sell online car buyers sell it online repairing your wrecked car sell junk cars diminished value sell your Honda for Top Dollar repair orders immediate cash offer repair bills post-crash value we buy any car buy the damaged vehicle wrecked vehicle cars for cash sell the wrecked vehicle selling a wrecked car damaged vehicle for cash Maximum Value for damaged vehicle value auto insurance coverage high mileage vehicle Inoperable vehicles car parts for cash cash offer selling their wrecked cars Body shops We Total Any Car sell the car free price quote repair a vehicle wrecked your vehicle how much it costs Clean-Break TIP cash for your vehicle free quote Call DamageMAX now! Sell your wreck fix the vehicle liability only sell damaged vehicles repairing the car sell damaged cars car for top dollar wrecked truck buy salvage title vehicles repairing the vehicle repair the wrecked car sell the vehicle sold buy damaged cars damaged vehicle world problem vehicle sell your wrecked car Chicago Used vehicle values E15 engine damaged vehicle used vehicle buy damaged vehicles un-repaired collision trade-in value old junker cash offer on any damaged vehicle buy your car for cash Diminished Vehicle Value storage or tow yard vehicle's value CarFax negative carfax reports car parts diminished value trends repair an old or worn out vehicle Top Dollar cash out broken vehicles buy wrecked cars sell your vehicle High mileage vehicles CarbuyerUSA car is not totalled buy your vehicle owner retained vehicle industry insider sell car parts sell sell a damaged car buy a broken vehicle wreck title processing procedures sell your vehicle as-is buy your car owner retained retained by the owner buy any wrecked vehicle trade in junk collision repairs DamageMAX damaged by collision car buyer AAA inoperable cars Sell DamageMAX your wreck repair your wrecked vehicle sell your car buy a car settlement check sell vehicles trade their damaged car Sell your wrecked vehicle broken vehicle top dollar for your damaged vehicle salvage title vehicle Donate Your Wrecked Vehicle call DamageMAX vehicle wrecked selling your wrecked car We buy damaged vehicles recycle buys any wrecked car wrecked vehicles Problem vehicles Collision damaged vehicles Dr Harrington sell junk car repair the vehicle fix your car buy your wrecked vehicle cash only wrecked vehicle, problem vehicles cash for your wrecked vehicle how to sell a damaged car DamageMAX Difference CAR-Diologist selling a damaged vehicle sell your high mileage vehicle sell your damaged vehicle old car vehicle values wrecked auto car accident with no insurance selling flood damaged cars Damaged Car selling your damaged vehicle buy your wreck Selling your wrecked vehicle legal for less money for damaged vehicles buys your wreck 12% in diminished value selling flood damaged vehicles insurance check retail value car into cash tow charges repair your vehicle Branded title vehicles reduction of resale value sell a wrecked vehicle trade-in auto body collision repair car is wrecked wrecked car repaired value of the vehicle vehicle value buyer of wrecked cars damaged vehicles administrative fees buy your wrecked car car parts and components car buying business vehicle for cash fast buy any car repair providers sell to damageMAX car's value CarBUYERUSA.com insurance company damaged vehicle to sell



    Does your car have body damage ?

    Number of airbags blown?

    Do you have a collision estimate?

    What is your insurance deductible?

    Is your car drivable?

    Do you have the car’s title?

    Does the vehicle have a salvage or rebuilt title?

    Does the vehicle motor run?



    Fair market value prior to accident $

    Sell my damaged vehicle
    Check for my vehicle AS-IS

    This represents a cash offer for the vehicle as described by the seller.

    Net Repair Check

    Proceeds for repairs that can be used for purchasing a replacement vehicle.

    Deductible Payment

    Amount you save if you sell the car now

    Cash Toward a New Vehicle
    Out of Pocket Expenses