Got in an Accident? Ask for Diminished Value!
Diminished value refers to the difference in your car's mark value before and after the incident. So the day before the incident, how much would you have gotten for your vehicle?
Please note, this is never covered under collision as it's not insurance coverage, but it is a court precedent of legal liability coming from someone else. If you want to go down the rabbit hole of how this came about, here is the court case.
If you have concerns about the diminished value of your vehicle, ask your adjuster. They are your licensed representative.
Given how expensive new and used cars have become over the past year, you could be leaving a significant amount of money on the table.