Diminished Value of a Car – What Should You Know?
If your car is involved in an accident and incurs a heavy damage, you first have to know that the insurance provider – yours or the opposite party’s – will place a dollar value on your car. It is this value depending on which the insurance company will decide whether to pay you an amount to get your car repaired or declare it a “total loss” and pay you “actual cash value”. You may wonder how the insurance company comes to this value. Can the diminished value be claimed and if it’s so, how it is connected to “actual cash value”? Experts at http://hansenprice.com/understanding-diminished-value/ share their knowledge on this subject …
