Who pays Diminished Value?

The insurance company is responsible to pay Diminished Value. If the accident was your fault, it is a first party claim, and your insurance company is responsible. If the accident was someone else's fault, it is a third party claim. In this case, the claim is not paid out from your insurance. Diminished Value is paid from the other person's insurance comapny. However, in a first party claim, some insurance companies disallow Diminished Value claims. Refer to your policy for details.

Other Diminished Value FAQs

What does Advocate Auto Claims do?

Advocate Auto Claims handles your claim from beginning to end. You do not need to waste your money on getting a vehicle inspection or a Diminished Value report from other online vendors. Advocate handles everything for you with no up-front costs.

What experience does Advocate Auto Claims have?

Advocate Auto Claims has over ten years experience in collecting Diminished Value. We have licensed Public Adjusters on staff that possess the experience, training and working knowledge of the insurance industry to handle your claim.

What is diminished value?

Diminished Value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. This is also known as "Loss of Value".