AUTO DIMINISHED VALUE APPRAISALS

At Princeton Appraisers, we specialize in providing professional personal property appraisal services for clients dealing with auto insurance claims related to diminished value. If your vehicle has been involved in an accident, even after repairs, it may no longer hold the same market value as it did before the incident. This reduction in value is known as "diminished value," and you may be entitled to compensation for this loss.

Diminished value claims are often necessary when the vehicle's post-accident value is significantly lower than its pre-accident market worth. Insurance companies may offer a settlement based on repair costs, but they might not account for the actual loss in value your vehicle has suffered. Our expert appraisers assess the diminished value of your vehicle by considering factors such as the severity of the damage, the quality of repairs, the make and model of the vehicle, and market conditions.

There are several scenarios where a diminished value appraisal may be needed, including:

• After an Accident: If your vehicle was involved in an accident and is repaired, but its resale value has decreased, we can help assess the loss in value.
• Total Loss Settlements: If your vehicle was deemed a total loss by the insurance company, but you believe the vehicle still holds more value than what was offered, our appraisal can help determine if you are entitled to a higher payout.
• Third-Party Liability Claims: If another party is at fault in the accident, you may be entitled to diminished value compensation from their insurance company. Our independent appraisal helps ensure you receive fair compensation.
• Leasing or Resale Concerns: If you plan to lease, sell, or trade in your vehicle after an accident, a diminished value appraisal helps you understand the potential financial loss and can be used in negotiations with insurance companies or dealerships.

Our team provides detailed, unbiased diminished value appraisals that are accepted by insurance companies, ensuring you receive the fair compensation you're entitled to. If you feel that your insurance settlement doesn’t reflect the true value of your vehicle, contact us to find out if you're owed more.

Read more: Frequently Asked Questions about auto diminished value appraisals