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So what is diminished value?
Diminished value or diminution in value are the terms generally used to describe the loss in a property's market value after it was damaged in an accident and repaired.
After an accident, your car’s market value will decrease even if it goes through all of the necessary procedures to restore it back to the condition it was in prior to the accident.
Diminished value is the difference in your car’s market value before and after an accident. If you try to resell your vehicle, the car's history will show that it has been involved in an accident, which will bring down it's current value.
A diminished value claim through Houston Auto Appraisers can help recover the costs to bring you even with market price before the accident.
