Diminished Value is the reduction in resale value of a repaired vehicle due to accident history.  Even after high quality repairs have been performed, a significant portion of a damaged vehicle's original value is never restored.

Would you pay as much for a vehicle that has an accident history compared to one that doesn't?

With widespread consumer advertising of vehicle history reports (CarFax), accident history has a profound effect on the fair market value of an automobile.  Car dealers today avoid purchasing vehicles with adverse CarFax reports.  The wrecked car could be repaired better than new and a dealer is still unlikely to buy the vehicle.  Why not?  Because consumers today are armed with information and will not purchase a vehicle with accident history without a massive discount.
 
Automobile dealers are frequently portrayed in ads that sensationalize "worst case" scenarios where vehicles are misrepresented (by the dealer) to consumers, with vehicle history providers being the hero by saving the customer from a bad purchase.  In addition to consumers, dealers spend a significant amount of money on vehicle history products at various touch points in the retail process, as do vehicle wholesalers, online classified sites, financial institutions and even insurance companies.
 
The financial impact of accident history reporting is no secret.  Major Collision on a CarFax report is typically a $2,500 deduction on the fair market value on a vehicle.  There is unquestionable proof that the vehicle owner has suffered significant financial loss even though they have repaired the vehicle!

The subject of diminution of value damages caused serious concern to the insurance industry because insurers believe their policies are clear and they are only required to pay the cost of repair.  There are websites dedicated to helping consumers understand what each states provision for diminished value and how they can potentially recover additional compensation from their insurance carrier.  For additional information please consult with your state Department of Insurance or contact us at 855 DMG MAX1.

www.zalma.com
www.diminishedvalueadvocate.com

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Nearly 70,000 drivers are involved in motor vehicle accidents on U.S. roads every day--that is almost 1 accident every second--24/7.

25 million accidents annually sounds like a lot, but if you consider there are 240 million vehicles on U.S. Roads, only 10% of them colliding seems more plausible.  Listen to talk radio during morning drive and you'll know what we mean!  The number of unreported accidents is already staggering (5 million) and will most likely increase as people struggle to make ends meet in the worst economy since the Great Depression.  Today, there are more uninsured motorists than ever before!  It is estimated that in the state of Georgia, 30% of the drivers have NO insurance coverage whatsoever.  Naturally, any expenses for unreported repairs are "out of pocket", leaving the driver in a very tough position financially.
 
Of the 20 million reported accidents, 5 million are not reimbursed for damage to their vehicle because they are uninsured, under-insured and possibly "at fault".  That brings the number of "out of pocket" accidents to 10 million.
 
Consumers have been faced with only two options after an accident; repair the vehicle or if you are lucky it's a "total loss" and you will get a check (hopefully).
 
You just got the BAD NEWS that your insurance carrier cannot or will not total your vehicle. If you are like most people, you don’t want to wait for your vehicle to be repaired and then wonder if it was fixed right.
 
And you most certainly can’t get top dollar for a damaged vehicle - until today! DamageMAX offers you maximum value for your damaged vehicle. We buy any damaged vehicle, anywhere in the USA! Don't hand that insurance repair check to a body shop - keep it and DamageMAX will buy your damaged car!  Thought that wreck was a loser - with DamageMAX you are the winner!

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DamageMAX is the first consumer friendly FREE information website dedicated to helping automobile owners make informed decisions about their damaged vehicle. DamageMAX taps the experience of dozens of industry experts to bring you cutting edge advice that will help you quickly recover from your accident and get you back on the road!

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