Since 1994 Charlie Barone has sought to bring some badly needed understanding of the collision repair and auto damage claims processes to the consumer market. Understanding that in most claims scenarios the consumer is left out of the picture, he started what became AutoClaimsHelp.net. By getting involved on behalf of the consumers – both before and after the work on their cars was completed – a new kind of accountability was been...Read More
The Jack in the Box Unknown to most drivers, the repair of a collision could pose safety risks greater than the accident itself. This is because one’s insurance company may limit the cost of repairs to using parts made by manufacturers other than the one that built their car. These are known as aftermarket or imitation crash parts. While it is common knowledge that the auto parts market is lucrative, the imitation parts business is even better...Read More
DV: What Is It? Simply put, diminished value is the difference between the market value of a vehicle prior to collision or other type of damage, and its value after. Ask yourself: if two identical cars are examined, identical mileage, options, and color, one of which was heavily damaged and repaired which car is worth more? Which is worth less? Which would you want? Collision damage causes severe loss of value at the point of impact. Repairs restore...Read More
Total Diminution: The total diminution as indicated in one of our reports is a projection of the loss in value the subject vehicle has sustained as a result of a physical damage loss. Because it is impossible to definitively predict the selling price an item offered on the open market, the figures provided herein are for the purpose of settling a claim or documentation for financial records. All vehicle sales should provide full disclosure of prior damage history as required by state and federal laws. In addition to criminal penalties imposed by states, attempts to conceal damage and repair history may incur civil liabilities.
Pre-Accident Value: Also known as pre-loss value. This is what a vehicle was worth before the covered loss or accident. The values used herein are generated from an accepted used car and truck value guide. To establish the pre-loss value of a car AutoClaimsHelp.net uses the Kelley Blue Book, a standard treatise utilized by consumers, lenders and those in the automotive trade.
Perceptual Diminution: The loss in value based solely upon the disclosure of the damage. The physical damage causes the loss, and the repair restores the majority of that loss in value. Using an undamaged vehicle as a baseline, there is a differential in the market for used cars with a history of damage. Perceptual diminution is irrespective of repair quality. Many states require that collision damage be disclosed or noted on title documents.
Work Defects – Repair: Also known as Repairer Deficiency. Diminution of value is most often attributed to poor repair quality. If, in the opinion of the program operator, the repair work is flawed, contains defects, or could have been performed in such a way that the end result would have been better in terms of accuracy, safety, appearance or durability, those defects will be noted under this heading.Read More