did your 370 get hit? file a diminished value claim!

Originally Posted by Auston Wow, that sounds like a good deal. Why both, if they hit your car and it gets fixed, why would the insurance also pay you after

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did your 370 get hit? file a diminished value claim!

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06-25-2010, 12:57 AM

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esfourteen

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Quote:

Originally Posted by Auston

Wow, that sounds like a good deal. Why both, if they hit your car and it
gets fixed, why would the insurance also pay you after it's fixed?

Diminished value is the amount of financial value your car has lost due to being in an accident. Lets say you were to sell your car for 30,000, if it was in a bad accident, perhaps its only worth 27,000 now.

Their insured driver hit you, they give you money to compensate for the loss in value.

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