Does car loose resale value after accident? How to estimate the value loss for insurance compensation?
Hiya: What you are talking about is called diminution of value. In some states – the insurance regulations hold that once a vehicle has been repaired to its pre-accident condition – there has been NO loss of value. (Contrary to what the general public thinks.) I know of one state that has legally instituted payment to CLAIMANTS for their loss of value. There is no specific dollar amount associated with that. They have just stated that it has to be a reasonable amount agreed to by both parties. For the most part, though – you are not going to see any money for that loss of value. 🙁 ~jifr!
