Vehicle diminished value
Approximate range of post-accident diminished value by damage, age and mileage.
Gives an approximate range based on market value, damaged parts, vehicle age and mileage. The exact amount is determined by an assessor, arbitrator or expert report.
What is diminished value?
A repaired vehicle sells for less because of its damage record. The difference may be claimed from the at-fault party's compulsory traffic insurance. The exact amount is determined by an assessor, arbitrator or expert report.
FAQ
How soon must a claim be made?
The limitation period is generally two years from the accident; longer criminal limitation periods may apply where an offence is involved.
This tool is for general information and gives approximate results; it does not constitute legal advice. Updated:
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