Diminished Value?

[A Reader]

I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?

 

[Dano58]

I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles atwww.claimsreporter.comsay you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?

First off, I wouldn't take that site at face value, as it's pretty
anti-insurance companies in general. And the problem with Carfax is
that you don't really know the severity of the accident. There's no
way to find out. So, a minor fender-bender seems to be the same as a
major accident, in most people's minds. And Carfax doesn't necessarily
have info on every accident, either.

Dan D
'99 Legacy L 30th (son's)
Central NJ USA