{"id":12267,"date":"2012-07-30T06:15:44","date_gmt":"2012-07-30T13:15:44","guid":{"rendered":"https:\/\/pdxinjurylaw.com\/?p=12267"},"modified":"2023-03-14T20:26:37","modified_gmt":"2023-03-14T20:26:37","slug":"diminished-value-claims","status":"publish","type":"post","link":"https:\/\/pdxinjurylaw.com\/es\/diminished-value-claims\/","title":{"rendered":"Diminished Value Claims in Oregon"},"content":{"rendered":"

For many Oregon drivers, their car, SUV or pickup truck is more than just a means of getting to and from work or school. It\u2019s their pride and joy, and when someone crashes into it, causing damage and lowering the value of that vehicle, it\u2019s unlikely that any insurance company will ever offer one of these loving owners what they think their motor is worth.<\/p>\n

Any time a vehicle is damaged and repaired, there is a decrease in the car’s market value had it not been in a wreck. This is known as diminished value<\/a>, or what is also known as accelerated depreciation. This is true of any vehicle, regardless of how well the repair job has been done, because no buyer will pay the same price for a previously-crashed vehicle as they would for the same model that was never involved in a collision.<\/p>\n

Diminished value claims
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Since it\u2019s not only unlikely; it\u2019s impossible that you and the insurance company will agree on your car\u2019s value, it will probably be necessary to get a diminished value report completed. These reports are done by an (allegedly) unbiased third party appraiser, who will attempt to accurately establish the crashed vehicle\u2019s loss in value after it has been repaired.<\/p>\n

When the inspector, who may be an individual or from a licensed auto appraisal company, compiles a diminished value report, they will take into consideration a large number of factors, including but not limited to:<\/p>\n