Diminished Value, A brief overview
As a customer of Duncan's Collision, we want
you to suffer as little diminished value as possible. With our expert technicians,
certified to restore your vehicle back to pre-loss condition in a high quality, professional
manner, we know you will be glad you chose us.
What is diminished value you ask? As everyone
knows, damaged goods are worth less than undamaged. Even when the repairs are of top quality,
once damaged you can never undo that. Therefore, being honest and disclosing that fact when
selling the vehicle will result in that loss of market value. Depending on the extent of the
damage and the quality and condition of the repairs that amount can increase or decrease.
That is where inherent, repair related, and insurance related diminished value come in as
factors.
If we are allowed to be compensated and repair
your vehicle the way we feel it should be, based on our expertise, training and knowledge,
accepting the liability in doing so, you should only suffer minimal loss in value. Should an
outside source try to limit, restrict or dictate those necessary repairs, the amount of
diminished value will increase. This is one very important reason why when needed, we may
have to get you involved in the repair process.
Most will experience a hassle free experience.
There are some insurance companies, representatives and hired adjusters who may try to
substitute imitation parts, restrict payment and limit reimbursement amounts. Because you are
the one who has the legal right or contract to pursue your rights, you may have to assist us
in order for us to maintain the high quality standard we feel everyone deserves.
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