Diminished Value Insurance Claims

If you have ever wondered what the effect on resale value is after an accident repair on your vehicle, read this short article on Diminished Value Insurance Claims.

We normally forget this factor in the middle of our efforts to effect the repairs and get the best outcome after an accident. When it comes time to trade your vehicle in, or sell it on the open market, the reckoning comes home.

It may not be practical for most diminished value claims to be satisfied in the current environment in Ontario, but recent noises from individuals taking the matter more seriously will eventually bring it forward such that in a few years that part of a settlement will become just part of the process.

Continue with some additional reading regarding your diminished value automobile claim in Ontario.