FREE Limited Safety Inspection

Contact All Precision Collision Repair and will inspect your vehicle for free. If we determine during our thorough Limited Safety Inspection that your vehicle needs to be re-repaired, or more repairs are required to bring your vehicle back to where it provides it's previous level of occupant safety, we can write an estimate to re-repair your vehicle. Your vehicle may have sustained repair related Diminished Value. Our Master Certified Technicians can re-repair your vehicle using the proper, factory approved methods and return your vehicle to its safe and beautiful pre-accident condition.

What is Diminished Value?

Basically, Diminished Value {DV} can be defined as the loss of financial worth of a vehicle due to damage. There are three basic types of DV, which can be grouped into two primary categories, and the extent of each determines the overall depreciation of your vehicle due to the damage it sustained and the methods used to repair it.

1) INHERENT DIMINISHED VALUE:
Inherent DV can best be described as "the automatic and unavoidable loss of market value simply due to the fact that the vehicle has been involved in an accident". The disclosure laws in most states make it mandatory that previous damage be disclosed, (made known), to a prospective buyer. Think of it this way: You wouldn't be willing pay as much for a vehicle that was damaged as you would for one that had never been repaired would you? The difference in the amount you'd be willing to pay for an undamaged automobile versus the price you'd be willing to pay for one that has been repaired would be considered "Inherent Diminished Value". The fact that a vehicle has a damage history decreases the market value. If you are interested in claiming what you are owed for DV please contact a company such as Collision Consulting of the Carolinas or Carolina Check-A-Wreck.

2) REPAIR RELATED DIMINISHED VALUE:

A) INSURANCE RELATED DIMINISHED VALUE:
Insurance related DV can be defined as the loss of value incurred due to oversights and/or omissions by the insurance company on their appraisal. Another major factor that contributes to Insurance related DV is the mandated use of imitation replacement parts. Insurance related DV can be minimized through properly completed insurance estimates and supplements.

B) SHOP RELATED DIMINISHED VALUE:
Shop related DV is the amount which a vehicle's value is lessened due to improper or incomplete repairs, poor quality repairs, and/or unrepaired items that were compensated for by the insurance company.

Both INSURANCE RELATED DV and REPAIR RELATED DV can be addressed and minimized through re-repairs.